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Where can you find mortgage calculators?
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Many financial websites and banking websites such as NerdWallet, Bankrate, U.S.Bank, and Bank of America have online mortgage calculators that users can use.
Is a large down payment necessary?
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The answer as to the necessity of a down payment for a home mortgage loan is dependent on a variety of factors. In general, lenders expect 20% of the home equity value as a down payment by the borrower, but this is not a hard and fast rule. A borrower can be expected to pay more in case there are issues with credit score or failure to meet other pr
What are the different types of mortgage?
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1 Answers
Some of the common types of mortgages offered by banks and financial lending institutions are repayment, fixed rate, interest only, variable rate, and cashback mortgages.