How does a mortgage work?

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NewSpottedWorld
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How does a mortgage work?

Post by NewSpottedWorld » November 1st, 2019, 8:18 pm

A mortgage is a loan from a bank or lender to help you finance the purchase of a home. When you take out a mortgage, you make a promise to repay the money you've borrowed, plus an agreed-upon interest rate. The home is used as “collateral.

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