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The ‘5’ in a 5-year mortgage rate represents the term of the mortgage, not to be confused with the amortization period.The term is the length of time you lock in the current mortgage rate, while the amortization period is the amount of time it will take. Midland, Texas Mortgage Company. Venta Mortgage is not Frank Prea.com!
The average assumed mortgage cost is over $93,000 – not a surprising finding. The cure is the same as for other forms of debt – a realistic budget that includes full payment of current bills and a.
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