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Glossary of Terms > M > MODIFICATION

MODIFICATION

If any changes are made to the terms of your mortgage, it is called a modification. A lender will sometimes agree to modify the terms without requiring you to refinance.

M Terms

MATURITY

MEDIAN PRICE

MILL RATE

MIXED-USE

MODIFICATION

MORTGAGE

MORTGAGE BROKER

MORTGAGE INSURANCE (MI)

MORTGAGE LIFE / DISABILITY INSURANCE

MORTGAGEE

MORTGAGOR

MULTI-FAMILY HOME

MULTIPLE LISTING SERVICE