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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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Buy-Up

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In a similar way to a buy-down, it is possible for the borrower to obtain a rebate at the point of purchase, maybe to fund renovations in exchange for an ongoing higher interest rate repayment.

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