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residential mortgage |
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Residential mortgage Mortgage on a residential property, tax-deductible for individuals up to $1 million. Residential Mortgage A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances. residential mortgage A loan secured by real property used for a personal residence or dwelling. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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