Monday, August 6, 2007

A Bit About Mortgages

The reality of buying a home is this: you will likely need a mortgage. There are those people out there who have the ability to pay cash for a home but that is by far, the minority. Homes are more expensive now than ever before, partly due to the rise in building costs and the increased demand for homes in this country. Along with this increased demand has come every flavor of lending from the traditional mortgage to shady loans that have left home owners floundering. When buying a home it makes simple sense to investigate your mortgage and lender to ensure that you are getting the the best loan possible and are not getting taken for a ride.



The traditional home loan is what's referred to as a fixed rate mortgage. These loans are usually amortiz View the rest of this article


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