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Mortgage terms you should know

Mortgage terms you should know

Do you feel like the mortgage industry has a language all its own? You’re not alone. Surveys show that many consumers get frustrated with all of the unfamiliar terms, acronyms and phrases that are part of the mortgage...

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rate lock

A mortgage rate lock explained

You’ve found the home of your dreams, the seller has accepted your offer and your loan application is being processed. When is the best time to do a mortgage rate lock? And for how long should your lock be effective? If...

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