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Common Mortgage Terms Defined

If you’re a first home buyer, obtaining a mortgage can seem overwhelming and perhaps even confusing. Often, there’s jargon and terms you may not have heard of and, with something as important and serious as a home loan, you need to get your head around these mortgage terms quickly! We advocate for financial literacy and want our clients to feel empowered and informed at every step along the way. To help you understand mortgages like an expert, we’ve put our heads together and listed the most common terms people find confusing. Appraisal Is an assessment of how much a home … Read more

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