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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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Rate Protection

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There are many ways that a borrower can ensure that they have a degree of protection against rate increases. A common one is to opt for a mortgage that has an option to lock so that the rate is held constant when the borrower decides that they wish to use this provision.

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