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Mortgage Brokers Glossary - Y
- Year-End Statement:
- A mortgage summary or report that is sent to the borrower at the end of each year. The statement shows the amount of taxes and interest paid on the mortgage during the year, as well as the remaining loan balance.
- Yield to Maturity (YTM):
- The internal rate of return on an investment. The YTM generally considers all investment returns and the timing of each return.
