Please Select the First Letter of Your Term: A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z    Please note that not all mortgage terms are in our database. We are constantly adding new terms so check back a at later date if you do not find the term you are looking for. Gift Letter   A letter that a family member writes verifying that he/she has given you a certain amount of money as a gift and that you do not have to repay it. You can use this money towards a portion of your down payment through some mortgage products. Good-Faith Estimate   A written statement itemizing the approximate costs and fees for the mortgage. Gross Monthly Income   The income you earn in a month before taxes and other deductions. Under certain circumstances, it may also include rental income, self-employed income, income from alimony, child support, public assistance payments, and retirement benefits.