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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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Flexible Payment ARM

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With a flexible ARM the mortgage is normally set up so that the payments are particularly low during the early stages of repayment and then tend to increase in the latter years. Useful for those who have an increasing salary after the set period.

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