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Co-signer – An individual who willfully signs a mortgage agreement Along with the borrower and partly assumes accountability of repayment of the bank loan.
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Refinance – To repay an current bank loan with what ever proceeds have already been experienced through the new loan in an effort to enjoy a reduce fascination rate.
ACH – This stands for automated clearing property, which is mainly a way used to transfer money to and from financial institution accounts.
Judgment – It is a court docket get and that click here is created by the court docket and that's linked to a lawsuit. It truly decides who wins the situation.
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