Money

Mortgage Glossary, D

To help you stay savvy in the world of home finance, we take a look at the letter D, in our Mortgage Glossary.

Deed

A legal document that transfers ownership of property from one to another, it includes details of the property transferred. The deed is held on public record at the deeds office.

Deed Office Registration Fee

Fee charged by the deeds office for the administration of registering a bond and the title deed

Deposit

Money the buyer has to put down in advance as a guarantee of purchase

Default

Refers to non-payment on a home loan

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