This document discusses various types of loans and loan terminology. It describes term loans, amortized loans, and balloon loans. It provides an example of repaying a $1,000 loan over 6 years at 9% interest and shows the balance owed each year. It also discusses loan-to-value ratios, various fees associated with loans, comparisons between FHA and VA loans, mortgage insurance, and the Rural Housing Services Administration. Key terms related to loans such as PITI payments, points, and equity are also defined.