Mortgage Dictionary

A guide to mortgage and real estate terminology
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Cap A limit on how much a monthly payment or interest ...
Chain of Title The history of all of the documents that transfer title ...
Closing The final procedure in which documents are executed and recorded, ...
Closing costs Costs above and beyond the sale price of the property ...
Commercial Bank A financial institution that is authorized to provide a variety ...
Commercial Mortgage A loan which is made on commercial (non residential) real ...
Contract For Deed Also known as Land Contract and Installment Land Contract. A ...
Credit history History of an individual's debt payment. ...
Credit report Documentation of an individual's credit history. ...
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