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Mortgage. Document that offers the real estate as a collateral for the repayment of debt. mortgage banker. financial firm that originates mortgages for sale in the secondary mortgage market. Mortgage Broker. Person or firm that connects borrowers and lenders to originate home loans. Mortgage Insurance
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· Lenders and mortgage brokers use a Loan Estimate to show you the numbers and the only thing that they control are lender fees and the interest rate, everything else is an estimate.
· heloc mortgage: briefly Defined. A home equity line of credit, or HELOC mortgage, is a type of loan and most Canadian banks deliver it on revolving credit. HELOCs allows new and seasoned homeowners to borrow up to 65% of a home’s current value minus your mortgage’s outstanding balance. This amount is known as home equity.
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