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What is a mortgage? A mortgage loan otherwise known as mortgage is the conditional conveyance of real property as security for the repayment of a loan. It is some sort of collateral security in terms of real estate put up by the borrower (aka mortgager) to the lender (aka mortgagee) in exchange of...
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Taking mortgage has several benefits as well as disadvantages. Early dreams of a home lead to better preparedness. Mortgage spans for a number of years ranging from five to over thirty years. In most cases, the interest paid on the mortgage is by far more than the amount paid for the home purchased...
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Buying a home is exciting. There are some common mistakes made by home buyers that prevent them from achieving this dream. The following 17 points can be dream killers. The process of getting a home is usually stressful. Being aware of these mistakes ahead of time you may not experience the much...
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If you are having difficulties to pay your mortgage, then you must take some measures to readily address the situation. Several reasons that may arise that could result in distortion of the mortgage agreement. While some mortgage problems are deliberate, a majority of people failed to meet their...
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Mortgage is a loan usually long term in nature intended to ease the borrower’s purchase of a home. To the lender it is an investment with long term benefits collected in the form of interest. There are different options in the purchase of a home. The home may have been built by a bank...
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Owners of homes were once dreamers. Building a home is one of the greatest accomplishments in life. About 80 percent of home owners had the idea of buying a home after working for many years. If the idea of owning a home is conceived during the first month of work, then a better planning could be...
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