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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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Monthly Debt Service

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When calculating the amount that a lender is prepared to lend to an individual, it is common for the lender to take into account other debt liabilities that the borrower has such as credit cards and personal loans.

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