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The Basics of Home Mortgage Financing

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When it comes to home mortgage financing, there are plenty of options. When you talk to your mortgage lender about the possible financing options, get detailed explanations about how each financing program works and get those explanations in writing.

1. Conventional fixed rate 30 year mortgage: This is likely the mortgage your parents had. Today it is still one of the most popular mortgage financing options. You borrow the amount needed to purch...

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