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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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Underwriting

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When a lender has received all of the information about the borrower, they then consult a third party to obtain a true rating on the mortgage. The organisations offering these services are called underwriters and the process itself is called underwriting.

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