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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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Qualification

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The initial process that a lender goes through to ensure that the borrower is potentially eligible for the mortgage that they wish to obtain. This is normally completed before the borrower has secured a property and it simply looks at the borrower’s income and financial situation.

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