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Mortgage 101 - Understanding the Basics of Mortgages. Mortgage pre approval - home loan pre approval
Learning about mortgages begins with understanding what they are and how they function. A mortgage is a loan used to purchase a home, with the property itself serving as collateral. This means the lender has the right to repossess the property if the borrower fails to meet repayment terms. Mortgages typically have two main components: the ...
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