Scam Alert! Postcards stating there are issues with mortgage accounts were not sent by PHH. Get tips on how to secure your account. Notification

Learn More

Tools & Resources


Mortgage Glossary


See Principal and Interest.

Payment Cap

A limit on the amount your monthly payments on an adjustable rate mortgage can increase during each adjustment period. Unlike an interest rate cap, a payment cap does not limit the amount of interest you pay, and could lead to negative amortization.

Piggyback Mortgage

See Second Mortgage.


An abbreviation for "Principal, Interest, Taxes and Insurance" — the four charges that make up your monthly mortgage payment.

Plan Unit Development (PUD)

A comprehensive development plan for a land area that features common areas owned and shared by the homeowners.

Ready to Buy or Refinance?

Get Started
Header Icon

Need Help? Call Us


Ready to Buy or Refinance?

Get Started