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What is the 1/12 rule in mortgage?

Making an additional mortgage payment each year could significantly reduce the term of your loan. We've already talked a...

Understanding the Structure of a Mortgage Loan

When you take out a mortgage, it's important to understand the structure of your payments, which cover not only principal ...

How mortgages work in america?

A mortgage is a type of loan used to buy or maintain a home, land, or other types of real estate. The borrower agrees to...

What factors affect a mortgage?

Your credit rating is a factor that can affect your interest rate. In general, consumers with higher credit scores...

3 Types of Mortgages: What You Need to Know

When it comes to buying a home, there are many different types of mortgages to choose from. Each type of mortgage has its ...

What is a Mortgage and How Does it Work?

The word mortgage is derived from a French term of law used in Britain in the Middle Ages that means pledge of death and...

Do cars count as assets for mortgage?

Physical assets include anything tangible that you own that is valuable, anything that can be touched. Physical assets...

What are the Four Parts of a Mortgage Payment?

Making a payment to cover all four parts of a mortgage means you just have to remember one due date. It's important to...