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With buying a home, also comes choosing a mortgage. The process of searching for and acquiring a mortgage can be stressful, especially when there are many complicated terms involved. Being equipped with an understanding of common terminology in lending can aid in making this process less stressful. Below are some of the most common terminology you may encounter throughout the lending process.

Terminology

Lending Terminology

 

 

 

 

 

 

 

 

 

 

 

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