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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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Upfront Mortgage Broker UMB

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Some mortgage brokers will simply charge a one-off up-front fee for their services regardless of whether or not the borrower then goes on to select a mortgage. This is a reasonably good way for the borrower to ensure that the broker is truly independent as they do not gain from suggesting any particular mortgage.

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