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Sunday, November 20, 2022

What Is A Mortgage?

What Is A Mortgage? Loan Basics For Beginners A mortgage, also referred to as a mortgage loan, is an agreement between you (the borrower) and a mortgage lender to buy or refinance a home ... What Is A Mortgage? A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. Mortgages are also referred to as “mortgage loans.” Mortgages are a way to buy a home without having all the cash upfron

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Type of mortgage loan

Jumbo Loans: These are for loan amounts that exceed the conforming loan limits set by the FHFA and typically have stricter qualifying criter...