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Mortgage Glossary

Agreement of Sale
Known by various names, such as contract of purchase, purchase agreement, or sales agreement according to location or jurisdiction. A contract in which a seller agrees to sell and a buyer agrees to buy, under specific terms spelled out in writing and signed by both parties.

Mortgage Glossary - A
1 year adjustable (ARM)

10 year adjustable (ARM)

2 year adjustable (ARM)

3 year adjustable (ARM)

5 year adjustable (ARM)

7 year adjustable (ARM)

Abstract (of Title)

Acceleration Clause

Adjustable Rate Mortgage (ARM)

Adjustment Interval

Affiliate

Affordable Gold 5

Affordable Gold 97

Affordable Product Type

Affordable Seconds

Agreement of Sale

Amortization

Annual Percentage Rate (APR)

Appraisal

Appraisal Fee

Appraiser network

Assessment Report

Assessment Upgrade

Asset

Assumable Mortgage

Assumption

Automated Underwriting

Mortgage Glossary Home




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