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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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- Variable interest rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage, that changes in line with an index.
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| National
mortgage rates |
| 11/21/2009 4:55:50 AM
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