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GLOSSARY

 GLOSSARY TERMS by Alpha
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Debt
Debt Service Reserve
Debt-to-Income Ratio
Deed
Deed of trust
Deed-in-lieu
Default
Deferment
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Direct Loan Servicing Center
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Disclosure statement
Discount point
Discount Point
Down payment
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Due-on-sale clause

Down payment

The amount of the purchase price of a property paid in cash (i.e. not financed with a mortgage) that is required to secure the property; typically 20%

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