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Solve for the indicated variable. for
Collateral Mortgage
A type of mortgage where the borrower provides collateral other than the purchased property to secure the loan.
Building Mortgage
A type of loan specifically used for the purchase, construction, or improvement of buildings, secured by the building itself.
Acceleration Clause
A contractual clause that allows a lender to demand immediate repayment of all outstanding loans if certain conditions are violated.
Foreclosure
A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, often resulting in the forced sale of the asset used as collateral.
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