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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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40-Year Mortgage

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Describes the term of the mortgage, for example, a 40-year mortgage simply means that the mortgage, if it is allowed to run its full term, will last a total of 40 years.

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