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Understanding the terminology used in the mortgage and home buying process is not always easy. There are many mortgage-related words and phrases that may cause confusion, or just a blank expression!
Our mortgage glossary provides a comprehensive list of mortgage and related terminology to help you. Please try out the glossary now.
These definitions are those commonly used within the lending industry. Some terms may have different meanings to other institutions.
As there are many expressions prefixed with the word mortgage they are normally listed in this glossary without the prefix. For example "mortgage term" is listed under "term".
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