1) Fixed Rate Mortgage: A mortgage with payments that remain the same throughout the life of the loan

because the interest rate and other terms are fixed and do not change.

2) Float: 1) The amount of uncollected funds represented by checks in the possession of one bank but drawn on other banks. 2) The time that elapses between the day a check is deposited and the day it is presented for payment to the financial institution on which it is drawn.

3) Flood Insurance: Flood insurance protects against water from an overflowing river or a hurricane's tidal surge and also covers damage from water that builds up during storms.

4) Flood Plain: A strip of relatively flat and normally dry land alongside a stream, river, or lake that is covered by water during a flood.

5) Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default.