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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 Suitability

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There are professional rules and legislation which state that a lender cannot offer mortgage products that are unsuitable for certain borrowers. Mortgage lenders are required to abide by a suitability doctrine to ensure that these standards are kept.

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