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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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Single File Mortgage Insurance

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Traditionally, the mortgage insurance premiums are paid by the borrower despite the fact that they are demanded by the lender. Some lenders may offer to pay the premiums as a way of attracting new borrowers or assisting first time buyers.

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