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Mortgage
A loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.
Finance Charge
Fees and interest charges associated with the borrowing of money or the extension of credit.
Installments
Periodic payments made towards settling a debt or purchasing a good, spreading out the total cost over a period of time.
Fair Credit Reporting Act
A federal law that regulates the collection, dissemination, and use of consumer credit information to ensure accuracy and privacy.
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