What Is a Mortgage? A mortgage is a type of loan used to purchase or maintain a home, plot of land, or other type of real estate. The borrower agrees to pay ...
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Under a mortgage agreement, the borrower agrees to make regular payments to the lender for a specific number of years until the loan is either repaid in full or ...
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A mortgage rate is the interest rate charged for a home loan. Mortgage rates can either be fixed at a specific interest rate, or variable, fluctuating with a ...
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A fixed-rate mortgage is a home loan with a fixed interest rate for the entire term of the loan. Once locked in, the interest rate does not fluctuate with ...
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