I'm interested in purchasing a home, but many of the terms, like points, closing costs etc. are like a foreign language to me. Where can I go for help?
Check out the State of New York Mortgage Agency's (SONYMA) website for its glossary of terms. Some terms found here apply only to SONYMA's programs, but others are general terms you will hear as you begin to explore the possibility of homeownership. Click on More Info below.
Index of terms for homebuyers
List of terms and their definitions that homebuyers will encounter.