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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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Deferred Interest

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A situation where the monthly payments, for a period of time, do not cover the interest due on the loan. Of course, this means that the remaining balance on the mortgage is, during this period, growing rather than reducing.

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