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GLOSSARY

GLOSSARY TERMS by Alpha
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Construction loan
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Contract sale or deed:
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Convertible ARM
Cooperative (Co-op)
Cost of funds index (COFI)
Credit bureau
Credit Card
Credit history
Credit life insurance
Credit Profile
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Credit life insurance

A type of insurance that can be purchased by mortgagors that will guarantee payment of the mortgage if the mortgagor dies while holding the policy

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