Which Mortgage Loan

What is a Mortgage?

A mortgage, is essentially a loan on your home.  Typically, when you buy a home you pay a down payment on the home and get a home loan for the balance owed.  You can use a mortgage calculator to test different scenarios for your interest rate, and APR.  Doing this can help you know when to refinance or purchase a home.  A home loan, or housing loans are required for most new home purchases.  The industry of mortgage lending has come along way over the years and it's now easier than ever to find a good bank rate for your new mortgage.  Below is a resource for some local mortgage lending companies in your state that can provide you with more information about your particular house loan.

 

 

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