Relier Pairs MortgagesVersion en ligne mortgage and homeowning vocab par Catherine Lowerre 1 down payment 2 interest only 3 foreclosure or to foreclose 4 adjustable rate mortgage ARM 5 Fixed rate mortgage 6 homeowner's insurance 7 mortgage 8 balloon mortgage 9 property or realestate tax 10 escrow 11 assessed value 12 Market Value 13 jumbo mortgage money taken by bank to pay taxes home loan where the interest rate will vary with the market money put down to buy a home home loan home loan with a huge last payment home loan where the rate does not change home loan for a huge amount of money the number the property tax is based on How much you can buy the home for tax on owned property coverage incase something happens to your property a mortgage where only interest is paid until the last month the bank taking your home due to lack of payment
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