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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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Market Niche

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Many mortgages are underwritten and the conversation between the lender and the underwritter involves the decision as to where the individual mortgage sits in terms of a market niche. The market niche is defined by the type of mortgage, the property, the borrower’s circumstances or any other potential factors.

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