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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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No-Cost Mortgage

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Also referred to as a no fee mortgage, where the borrower does not incur any of the settlement or insurance costs. These may be offered to attract new borrowers or may be used by the seller to ensure the sale of their property.

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