If you’re like most Americans, working with mortgage companies can be very confusing business. There are a lot of terms exclusive to the industry, and while many agents do their best to help clients understand the ins and outs of the mortgage business, it can still be quite overwhelming. While one hardly needs to become an expert in every term that lenders use, knowing the basics can still be quite helpful when it comes to starting down the path to home ownership. Here are a few commonly used terms that borrowers should be aware of to help make the process go as smoothly as possible.