Historical Scenario  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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Historical Scenario

Some lenders will provide illustrations of how the mortgage payment would have changed with an ARM mortgage over the past 10 years or so, given the changes in interest rates. This illustration is not particularly helpful as it simply shows what would have happened in the past and not what will happen in the future.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...

Mortgage Glossary

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z