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Understanding the Basics of Mortgages: A Comprehensive Guide
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Buying a first home is one of the most imperative investments individuals make in their lives. For many people, purchasing a home means obtaining a mortgage. Mortgages are loans used to purchase real estate, and they are secured by the property being purchased. If you’re planning to buy a home, it’s essential to understand the basics of mortgages. In this comprehensive guide, we’ll take you through everything you need to know about mortgages, from how they work to the different types of mortgages available.