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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Purchase

In the mortgage industry a purchase is a loan made in association with the original mortgage on a piece of property.

See Loan Purpose Type
See Mortgage Loan Purpose Type Overview
See Refinance

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.