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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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Fixed-Markup UML

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An upfront mortgage lender or UML is a lender that will actually state their wholesale price and their mark-up from the mortgage products that they offer. This is normally only revealed to mortgage brokers.

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