04/10/2026
💡📝 No Gatekeeping! ➡️ Let’s be honest. When buying a home, there are A LOT of acronyms thrown out there, and it often leaves homebuyers wondering “What in the world” are they talking about?
At Catapult, we want homebuyers to understand the information being given, so here are a few acronyms that you may hear from the lending side during the homebuying process:
🔹 DTI : Debt-to-Income Ratio
🔹 PMI : Private Mortgage Insurance
🔹 LE : Loan Estimate
🔹 CD: Closing Disclosure
🔹 MIP : Mortgage Insurance Premium
🔹 P&I : Principal and Interest
🔹 LTV : Loan-to-Value
🔹 QM: Qualified Mortgage
🔹 Non-QM: Non-Qualified Mortgage
🔹 PITI : Principal, Interest, Taxes, Insurance
🔹 HELOC : Home Equity Line of Credit
🔹 ARM : Adjustable Rate Mortgage
Was this information helpful? Let us know! 🚀
Be on the lookout for more in depth explanations of these terms soon!
Motto Mortgage Catapult
Mortgage brokerage serving our community with their lending needs in 📍Hampton Roads, VA and beyond.
NMLS 2682999