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Buying a Home Info.com - The Home Buying Resource on Home Buyers |
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Buying a Home - What is a Mortgage loan
What
is a Mortgage Loan? Generally
speaking, a mortgage is a loan obtained to purchase real estate. The
"mortgage" itself is a lien (a legal claim) on the home or
property that secures the promise to pay the debt. All mortgages have two
features in common: principal and interest. >> Learn how a mortgage lender qualifies you for a mortgage loan when buying a home
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