Real Estate Terms |
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| Arrears | At the end of a period. You pay interest on home mortgages in arrears. You pay rent in advance. For example, a mortgage payment due May 1 is for the interest for April; rent due May 1 is for the month of May. The term ca n pertain to delinquent mortgage payments. A mortgage loan that is three months delinquent can be said to be three months in arrears. | |
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| Glossary V2.0 | ||
