Mortgage and Loan Glossary (Y)

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yield
A measurement of the rate of earnings from an investment, usually expressed as a percentage.

yield to maturity (YTM)
The internal rate of return on an investment. Typically takes into account all investment returns and their timing.

Mortgage Guide

  1. Get Organized
  2. Get Pre-Qualified
  3. Shop for a Loan
  4. Apply for a Loan
  5. Close the Loan