Financial Glossary

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These definitions are those commonly used within the lending industry. Some terms may have different meanings to other institutions. As there are many expressions prefixed with the word mortgage (e.g. mortgage term), they are normally listed in this glossary without the prefix.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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