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Agnes Gabiga Sales Representative Bus: 905-268-1000 |
Real Estate Terms
Blended payments: Payments consisting of principal and interest components, paid during the amortization period of a mortgage.
Dual Agent: A real estate broker or salesperson who acts as agent for both the seller and the buyer in the same transaction. Both buyer and seller are the agent's clients.
Term: The actual life of a mortgage contract-- from six months to ten years -- at the end of which the mortgage becomes due and payable unless the lender renews the mortgage for another term (See Amortization).
