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Glossary of Mortgage Terms

Select the first letter of the word from the list below to jump to the appropriate section of the glossary. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z -A- abstract of title A historical summary provided by a title insurance company of all records affecting the title…

The Loan Process

Pre-qualification Pre-qualification occurs before the loan process actually begins. The lender gathers information about your income and debts, and makes a financial determination about how much house you may be able to afford. It’s a good idea to know how…