10 Mortgage Abbreviations You Need To Know » Mortgage Masters Group

There are only 10 states where you can work fewer than 40 hours per month and still be able to pay your mortgage, and nine are among the 12 states that the U.S. Census Bureau defines as constituting the Midwest region. The other state is Pennsylvania, which borders the Midwest.

Of these two abbreviations, mtg. is probably more common. The plural abbreviation of mortgage is mtgs. or mtges. When to Use This Abbreviation. This abbreviation is usually found in the realty, banking, and mortgage industries. You might abbreviate the word mortgage to mtg. on a communications between these industries. It is also common to see such abbreviations in headlines or newspaper titles where space is a concern.

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The list of the most common government mortgage acronyms

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FHA Document Checklist

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Each lender is different so be sure to choose one that will work with you and your circumstances. Some type of lenders to consider include: Independent Mortgage Companies, Savings Institutions, Commercial Banks, Morgtage Brokers, Credit Unions, Employers and even your Union. You will also need to decide on which mortgage is right for you.