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Open Bridge - See Open Bridging Loan Open Bridging Loan - A bridging loan with no specified term Open Market Value - The price that a property would sell for on the open market. Other Income - Income other than a Mortgage applicant's main salary or wage. Outgoings - Another name for "expenses". Overpayment - A payment made to a Mortgage balance over and above the minimum required payments. Not all mortgages allow for this. |