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In Mortgage Lending Terms Explained Fa – Fo we discussed a number of key terms related to the mortgage industry and real estate. This included an explanation of terms like Fannie Mae, FHA Mortgage, FICO, First Mortgage, Fixed Rate Mortgage and Foreclosure. In this installment of the series we’ll detail several more terms in an […]

Understanding the background of mortgage rates can help paint an overall picture of what type of mortgage is the right choice for you. At its most basic form, a mortgage is a security interest on property granted to a lender. A mortgage loan is money borrowed from the lender that is secured by the tangible […]