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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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Fully Amortizing Payment

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When the mortgage is looked at as if it where going to full-term at the prevailing interest rate, the full amortizing payment is the monthly payment that will mean the entire mortgage is paid off exactly at the term period.

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