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Real Estate Glossary

Listed below are a glossary of real estate terms in alphabetical order that you may find usefull when considering a real estate transaction.

Institutional lenders: Savings and loan associations, banks, life insurance companies and mutual savings banks.

Interest-only: A term loan calling for payments of interest only, not to include any amount for principal.

Interim financing: A short-term loan usually made during the construction phase of a building project (in this case often referred to as a construction loan).

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