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Here are the results for the letter p
- Portability
- A mortgage option that enables borrowers to take their current mortgage with them to another property, without penalty. A transfer fee may apply.
- Pre-approved Mortgage
- Qualifies you for a mortgage before you start shopping. You know exactly how much you can spend and are free to make a "firm" offer when you find the right home.
- Prepayment Privileges
- Voluntary payments in addition to regular mortgage payments.
- Principal
- The amount of debt, not counting interest left on a loan.
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