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3 Cards in this Set
- Front
- Back
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Point
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A charge that equals 1 percent of the loan amount.
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Deed of Trust
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Security interest in real property in which title is held by a trustee until the borrower and occupant of the land repays the beneficiary (lender) the amount of the loan; Used instead of a mortgage in Arizona
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Lock
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A period of time for which a certain interest rate is good.
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