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The price at which a seller is happy to sell and a buyer is willing to buy.
Mortgage
A legal document that pledges a property to the lender as security for payment of a debit.
Mortgage Broker
An individual or company that brings borrowers and lenders together for the purpose of loan origination. Mortgage brokers typically require a fee or a commission for their services. Usually paid by the Lender.
Mortgage Discharge Fee
A fee charged by some lending institutions when the mortgage is discharged.
Mortgagee
The lender (eg bank) in a mortgage agreement.
Mortgagor
The borrower in a mortgage agreement.
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