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Mortgage Loan Glossary - 'W'

Use the alphabet letters below to navigate to the words in this glossary.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

- W -

Warranty Deed

A document given to the homebuyer by the seller guaranteeing that the property has a clear title, and is free of liens and encumbrances.
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Welcome Package

Within three business days of initiating the application process, the lender is required to provide several documents and forms. These documents are often referred to as the "welcome package". The lender is required to provide a Good Faith Estimate of Settlement Charges, a Truth-In-Lending Disclosure, a Rate Commitment Options form, a Loan Servicing Application Disclosure, and a loan application.
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