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Amortization: Everything you need to know

Amortization is an important topic for every homeowner: It decides how your mortgage is paid off every month. Rather than true compound interest, your payments are made according to an amortization schedule. While you can use an amortization calculator to get the figures on how your particular mortgage will work, understanding how amortization works is […]

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Assumable Mortgages: What are they?

I’m sometimes asked about assumable mortgages. They’re an interesting option: Buy a house, assume the seller’s mortgage. To be optimistic, you avoid having to take out a mortgage of your own and definitely saves the paperwork. The main benefit of assumable mortgages comes from if the interest rate is high, and the original mortgage has […]