what you need to know about mortgages

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All You Need to Know About Mortgages | Home Guides | SF Gate – A mortgage is a legal contract between a lender and a borrower that uses property as collateral to secure a loan. Mortgages may seem complicated to first-time home buyers, so discuss all mortgage.

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Reverse Mortgages: What You Need to Know | Money – Here’s what you need to know about a reverse mortgage. Your age is a factor. Your loan, formally known as a Home Equity Conversion Mortgage, can amount to about 50% to 70% of your home’s value, depending on your age and other variables.

Monitoring your credit report and score: What to know – When you purchase a home and take out a mortgage to pay for it. "If you’re not going to be buying anything, you don’t need to know your score, but you need to know what is in your report," Berry.

5 things you need to know about mortgages | Canadian Living – 5 things you need to know about mortgages Sep 11, 2012. By: Bryan Borzykowski. Share. Here are five things you may not know about the mortgage process. 1. It’s about the income This may seem obvious, but you have to make money to get a mortgage. The more money you make, the more you can afford.

The Truth About Your Mortgage - Secrets the Banks Don't Want You to Know Back to basics: Everything you need to know about mortgages – LTV stands for loan-to-value, which essentially means the amount of the property’s value that you can borrow. So, if a mortgage has a 90% LTV, then you can borrow up to 90% of the property value, and you’ll only need to put down a 10% deposit.

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