Buying a house is the biggest purchase most people will ever make, and buying a house means in most cases getting a mortgage loan. The fact that a mortgage (or rent) is usually the single biggest expense in a family budget, underscores the importance of proper mortgage education. Understanding all important mortgage terms, will help consumer make educated choices about their mortgage, without going into too much debt. Our mortgage dictionary explains the most popular words and phrases used in the mortgage industry, which every homebuyer will have to learn sooner or later. The mortgage definitions contain plenty of examples for better illustration of the discussed concepts.
If you need a mortgage related term explained and you don't see it in our mortgage dictionary, don't hesitate to contact us, with request to add it. Our mortgage site is and it will always be a work in progress, adding relevant mortgage articles and information regularly. Bookmark Mortgage Dictionary and check for new mortgage information frequently.
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