HOME LOANS
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Last updated 1:21 AM on 6/10/25
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3 Terms
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Mortgage
A loan to purchase a home (lender owns the title to the property until debt is paid)
2
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Fixed Rate Mortgage
Home loan with a fixed interest rate that stays the same for the entire length of the loan
3
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Adjustable Rate Mortgages (ARMs)
Home loan with an interest rate that changes over time
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Flashcards (20)