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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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Reverse Mortgage

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A variety of equity release mortgage that is a way of increasing the capital of the mortgage by paying the borrower a monthly fee. This mortgage will then be repaid on the death of the borrower and is therefore generally only available to older borrowers with a reasonably large amount of equity in their property.

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