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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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Debt Consolidation

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A type of borrowing that takes several loans, often smaller unsecured loans and wraps them up with a secured mortgage (debt consolidation loan). This can be a good way of achieving a manageable monthly payment but will, in most cases, result in a longer paying back period and therefore increased costs over the life of the loan.

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