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Category: Mortgage (page 1 of 2)

What is an Amortization Period?

Home » Real Estate Law » Mortgages » What is an Amortization Period?

The amortization period is the period of time after which, if all the monthly payments are made,

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What is Mortgage Law? An Overview

Home » Real Estate Law » Mortgages » Mortgage Overview

In the most simple of terms, a mortgage is a loan used to finance the purchase of a home. Under

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What are Closing Costs?

Home » Real Estate Law » Mortgages » What are Closing Costs?

Closing costs are the various fees associated with buying or selling a home. Both the buyers and sellers

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What is a Mortgage Broker?

Home » Real Estate Law » Mortgages » What is a Mortgage Broker?

A mortgage broker assists borrowers by arranging financing and locating a lender. They are licensed, financial professionals

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What are Mortgage Fees?

Home » Real Estate Law » Mortgages » Mortgage Fees

A home loan generally involves a litany of fees, including loan origination or underwriting fees, broker fees, and transaction, settlement,

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What is a Fixed Rate Mortgage?

Home » Real Estate Law » Mortgages » Fixed Rate Mortgage

With a fixed rate mortgage, the interest rate is set, or locked in, when the mortgage is taken out

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What are Mortgage Down Payments?

Home » Real Estate Law » Mortgages » Mortgage Down Payments

Most mortgages generally require down payments as a firm commitment from the buyer to the lender of the buyer’s

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What is a Mortgage Escrow Account?

Home » Real Estate Law » Mortgages » Mortgage Escrow Account

A mortgage escrow accounts is an account set up specifically by the lender pay for property taxes, insurance premium.

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What is an Adjustable Rate Mortgage?

Home » Real Estate Law » Mortgages » Adjustable Rate Mortgage

With an adjustable rate mortgage, the interest rates fluctuates. ARMs are tied to a number of indexes, usually published

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What is a Balloon Mortgage?

Home » Real Estate Law » Mortgages » Balloon Mortgage

A balloon mortgage if it can be obtained can be a very risky way to finance a piece of property.

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