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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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Construction Financing

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In many cases it may be necessary for the borrower to secure additional financing in order to rebuild part of the property or even to build the entire property from scratch. Construction financing refers to mortgages that take building costs into account.

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