Terms that are on use on this site.
There are 59 entries in this glossary.| Term | Definition |
|---|---|
| Switch |
This is the term almost universally applied to changing lenders at the end of a term, when the mortgage becomes \"open\". Most lenders will now pay all of the costs of a \"switch.\" (as well as giving them a reduced rate to lure them away from a competitor) |
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