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what is...
LOAN
A sum of borrowed money (principal) that is generally repaid with interest.
ALSO SEE: DEPARTMENT OF VETERAN AFFAIRS, SCHEDULED MORTGAGE PAYMENT, ALTERNATIVE DOCUMENTATION, UNDERWRITING REQUIREMENTS, LOCK COMMITMENT LETTER, AMORTIZATION SCHEDULE, CONFORMING MORTGAGE, ACCELERATION CLAUSE, CUMULATIVE INTEREST, WRAPAROUND MORTGAGE, ASSUMABLE MORTGAGE, CONVERSION OPTION, REVERSE MORTGAGE, WHOLESALE LENDER, BALLOON MORTGAGE, CONTRACT KNAVERY, MORTGAGE BROKER, ORIGINATION FEE, NEGATIVE POINTS, APPLICATION FEE, SECOND MORTGAGE, JUMBO MORTGAGE, INTEREST RATE, RETAIL LENDER, CORRESPONDENT, CASH-OUT REFI, LOCK-IN RATE, CO-BORROWERS, AMORTIZATION, LOAN AMOUNT, BRIDGE LOAN, FORECLOSURE, APPLICATION, FREDDIE MAC, SETTLEMENT, FANNIE MAE, ASSUMPTION, 100% LOAN, PRINCIPLE, REFINANCE, APPRAISER, APPROVAL, BORROWER, MORTGAGE, SERVICER, BALANCE, CLOSING, BALLOON, POINT, FLOAT, LOCK

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