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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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Mortgage Price

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A useful figure that is not always available at the outset due to the variable nature of many mortgages. The mortgage price refers to the actual cost of the mortgage taking the actual capital borrowed from the total amount that will be paid by the borrower over the length of the mortgage.

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