Mortgage Dictionary

A guide to mortgage and real estate terminology
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Back Taxes Unpaid property taxes. If taxes are left unpaid, a property ...
Balloon Mortgage Balloon mortgage loans are short-term fixed-rate loans with fixed monthly ...
Balloon Payment The final payment on a mortgage, which can be dramatically ...
Baloon Note A note calling for periodic payments which are insufficient to ...
Band of Investment An income property appraisal technique where the overall interest rate ...
Bankruptcy Bankruptcy usually occurs when someone owes more than they have ...
Basis Point A finance term meaning a yield of 1/100th of 1% ...
Binder A notation of coverage on an insurance policy, issued by ...
Broker An agent who makes arrangements for the sale of a ...
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