Mortgages Glossary
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Passive activity
Passive loss
Payment cap
PC banking
Per-diem interest
Periodic rate
Periodic rate cap
Personal loan
Personal property
Personal property taxes
PITI
PITI reserves
Planned Unit Development (PUD)
Plat
PMI
Point
Portfolio lender
Possession
Power of Attorney
Pre-approval
Pre-approval letter
Pre-qualification
Pre-sold home
Prepaid expenses or prepaid items or prepaids
Prepaid interest
Prepayment penalty
Prepayment plan
Prime for Life
Prime Rate
Principal
Principle of conformity
Principle of progression
Principle of regression
Private mortgage insurance (PMI)
Probate sale
Production home
Promissory note
Property report
Property tax
Property tax deduction
Property value
Proprietary lease
Prorate
Punch list
Purchase agreement
Purchase contract
Purchase option
Purchase-money mortgage
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