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Purchase-money mortgage
A mortgage that a borrower obtains to acquire a property.
Related Terms
Mortgage
Deposit
Earnest money
Mortgagor
Private mortgage insurance (PMI)
Firm commitment
Option
Building and loan association
Principal
Liquidated damages
Mortgage banker
Cash-out refinance
Inflation
Needs-based pricing
Purchase agreement
Insurance
Money market account
Contract to purchase
Home equity conversion mortgage
Liquid assets
Alternative mortgage
Rehabilitation mortgage
Fully amortized adjustable-rate mortgage
Biweekly mortgage
Blanket mortgage
First mortgage
Commingling
Buy-down mortgage
Convertible adjustable-rate mortgage
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