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Mortgage Glossary

Mortgage Glossary

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Lien
A claim or charge against property. Property is said to be encumbered by a lien and the lien must be removed to clear title.
Loan-To-Value Ratio
The relationship between the amount of the mortgage loan and the lessor of the appraised value or sales price of the property expressed as a percentage.

 

 

 

 

 

 

 

 

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