| Convertible | An option available on some adjustable rate mortgages (ARM's) that allows the loan to be converted to a fixed rate mortgage. |
| Cosigner | A person or entity who is willing to sign a loan obligation with you in case you default on your monthly payments. |
| Credit Company | A lending organization that obtains it source of funds from the commercial market. |
| Credit Enhancements | A loan to provide improvements to a property. |
| Credit Report | A report that contains information about your borrowing habits and money-managing skills. Lenders use it to determine whether to approve a loan and to set the terms. A person with a good credit report is likely to get a better interest rate than someone with a poor credit report. |
