What Is a Mortgage?

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Ask.com Answer for: what is a mortgages
Mortgage rates for VA
Rate Current Last Week
30yr fixed 4.02% 4.02%
15yr fixed 2.99% 3.01%
5/1 ARM 2.74% 2.78%
Source: www.zillow.com
Mortgage Rates for:
Q&A Related to "What Is a Mortgage"
A mortgage is nothing more than a loan. Like most loans, it requires some collateral (the thing you'll lose if you don't pay the lender back). In this case, the collateral is a house
http://www.life123.com/career-money/real-estate/mo...
When you have a mortgage, there is a legal contract between you and a lender that says if you fail to repay the borrowed sum the property used to secure the loan will be taken by
http://www.ehow.com/how_4564666_mortgages-work.htm...
1. Find a property you would like to buy that has an assumable mortgage. This will take lots of footwork. Generally, an owner or agent will advertise that a property has a loan that
http://www.ehow.com/how_7228_mortgage.html
1. Check your credit score. You will need good credit in order to be accepted by the bank as a co-signer. 2. Evaluate whether you plan to take out any loans or apply for credit in
http://www.ehow.com/how_5793548_cosign-mortgage-re...
3 Additional Answers
Mortgage is a loan given by banks or building society to buy a property. A mortgage loan is normally secured by real property through the use of a mortgage note. The note evidences the existence of the loan and the realty which secures the loan.
Mortgage is described to be a loan to finance the purchase of real estate, usually with specified payment periods and interest rates.
A mortgage is a loan taken out for purpose of buying property. They are offered by banks and building societies as well as mortgage lending companies.
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