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| FHA Loan | More appropriately called an “FHA Insured Loan”, it’s a loan for which the Federal Housing Administration insures the lender against losses possibly incurred should you default. |
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| First Mortgage | A mortgage that is in first lien position, taking priority over all other liens (that are financial encumbrances). |
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| Fixed Rate | An interest rate that is fixed for the term of the loan. Payments are also fixed at a certain amount. |
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| Form W-2 | Used by employers to report wages paid to employees and the taxes withheld from them. The form is also used to report FICA taxes to the Social Security Administration. |
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