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Barnstable Cummaquid Eastham Marstons Mills Orleans Silver Beach Truro West Hyannisport
Brewster Dennis Falmouth Mashpee Osterville South Chatham Wellfleet West Yarmouth
Buzzards Bay Dennis Port Forestdale Monument Beach Pocasset South Dennis West Barnstable Woods Hole
Cataumet East Dennis Harwich North Chatham Provincetown South Harwich West Chatham Yarmouth Port
Centerville East Falmouth Harwich Port North Eastham Sagamore South Orleans West Dennis
Chatham East Orleans Hyannis North Falmouth Sagamore Beach South Wellfleet West Falmouth
Cotuit East Sandwich Hyannis Port North Truro Sandwich South Yarmouth West Harwich

Today's Mortgage Terms starting with B

  • Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
  • Bearer: The legal owner of a property.
  • Bill of Sale: A document that details the transfer of property.
  • Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
  • Blanket Mortgage: A mortgage that includes more than one piece of real estate
  • Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
  • Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
  • Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
  • Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.

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