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Find every term and definition starting with the letter "l" in the ConsumerSavings.org mortgage loan glossary…
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Glossary of Mortgage Loan Related Terms
Lender
The bank, mortgage company, or mortgage broker offering the loan.
Lien
The right to take and hold or sell the property of a debtor as a security or payment for a debt.
Loan-to-Value Ratio
The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.
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