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Mortgage glossary
Whether you are buying a home or refinancing, applying for a mortgage is a big step. Use our mortgage glossary to help you through the process. Our comprehensive glossary of mortgage loan terms is even used by loan officers and real estate professionals. Bookmark our mortgage glossary as a quick mortgage definitions and vocabulary reference. |
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- Hard inquiry
A credit reporting term, it refers to an item on a person's credit report indicating someone has pulled the report. It shows loan-shopping, and a little is all right, but too much loan-shopping can hurt your credit score.
- Household income
The total income of all members of a household. Used by lenders to evaluate joint applications for credit.
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| National
mortgage rates |
| 11/21/2009 4:52:10 AM
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