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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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Piggyback Mortgage

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Used to describe the situation whereby a borrower may have an 80% mortgage but cannot afford the cash for the deposit or insurance and will therefore take a second 20% mortgage to cover these costs.

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