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Category: Mortgage Basics (1 posts)
Mortgage 101
November 6, 2009 @ 11:18 AM by: Roar Admin
A mortgage is a loan you obtain to pay for a home and any land it sits on. The home and land is used for collateral on the loan, which means that if you don't make your payments, the lender can take the home away to cover your missed payments.
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