How to answer all those mortgage and other loan queries
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How to answer all those mortgage and other loan queries without tears of frustration. by John A. Rickard

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Published by University of Melbourne. Graduate School of Management in Melbourne .
Written in English

Book details:

Edition Notes

SeriesWorking papers / University of Melbourne. Graduate School of Management -- No.4
ID Numbers
Open LibraryOL20430486M
ISBN 100868395935

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Excerpted from The Mortgage Answer Book by John J. Talamo © The fixed interest rate mortgage (FIRM) is the traditional way to finance a home. At one time, it was the only mortgage offered by most lenders. It is also the easiest to understand because there are no changes over the life of the loan.5/5(1).   Term – The period of time that the mortgage rate, payments, and other mortgage conditions are set. Each time your term is up, you’ll chat with your lender to decide the length of your next term, rates, and conditions. Amortization Period – The amount of time it will take you to pay your mortgage in full. the best mortgage loan you qualify for. A mortgage loan product or lending practice may seem reasonable until compared with a similar mortgage loan product offered by other lenders. Find out about prepayment penalties. Know if the mortgage loan offered to you includes a fee if you pay off your loan early. If it is a requirement of the mortgage. Mortgages answers all the questions readers typically have, detailing all the latest changes in mortgage processes, and showing readers how to save money by: * understanding important terms "With more people than ever before applying for new loans and refinancing, an easy-to-understand guide has become a necessity for anyone confused by the /5.

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