Mortgage Basic : Vocabulary and Glossary of Mortgage Terms (D)

Hello friends, now I continue the D category of mortgages terms, the first place is Debt Consolidaton,
Debt Consolidation
Debt consolidation is the process by which you take out a loan or mortgage in order to pay off a number of high interest debts. By doing this, you will only need to make one payment each month, and you will save significantly on interest charges.
Deed
A deed is a legal document that denotes the owner of a given property. You can transfer a title to both freehold and leasehold with a deed.

Deposit
A deposit is the amount of money you put down toward buying a property.
Disbursements
Disbursements are any amount you pay to solicitors against land registry fees, searches, faxes etc.
Discounted Rate
Discounted rates are used to attract new borrowers to lenders by setting the interest rate below the standard variable rate for a guaranteed period of time. If you repay the entire discounted rate mortgage within the first few years, your lender may charge you early redemption penalties.