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Mortgage Types :
Mortgage Companies :
Building Societies :
Loans :
Loan Companies:
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| Listed below are general Mortgage-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter. |
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Debt Consolidation : It is the process of joining unresolved debts like loans, mortgages or credit cards into a single loan.
- Deeds : These legal documents specify who possess a plot of land or a property.
- Deposit : It is the total money a buyer invests for acquiring the mortgage loan following trading of contracts and it is normally about 5-10 percent of its purchase price.
- Direct Debit : This term explains the directions a customer gives to the bank/building society for electing to present straight payments consistently from their own account.
- Disbursements : It includes all expenditure required to perform legal operations related to purchase or remortgage your home.
- Discharge : It means finishing off payments of your mortgage.
- Discount Mortgage : This is a discount given to borrowers by the mortgage lenders for decreasing mortgage payments, every month, usually for the initial 2-3 years of the total loan duration.
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