Grace Period  Mortgage Glossary

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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Most mortgages have a period in which the borrower can be late with a payment without having to pay late fees. It should be noted that grace period rarely exists where the interest accrues daily.

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3%

 

 

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Mortgage Glossary

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