Jargon Buster
Joint income
The total gross income of the mortgage applicants.
Joint liability
The responsibility of two or more people to fulfill the
terms of a home loan or debt.
Joint mortgage
A mortgage shared jointly between two people with the agreement
that if one dies, the other automatically inherits their
share.
Judgement lien
An court-ordered monetary judgment against a current or
previous property owner which has not been paid.
