Chapter 1: Should you buy or rent?There's no easy answer. Emotions, family and personal reasons all come into play in any home-buying decision. Read on Chapter 2: How mortgages workYou can get a mortgage in many places, but they all share the same characteristics. We explain. Read on Chapter 3: Your mortgage paymentYour monthly payment is determined by the rate and the amount of the loan, but there's much more to it. Read on Chapter 4: Paperwork and feesPrepare to gather a lot of paperwork, negotiate your loan terms and make sense of all the fees. Read on Chapter 5: UnderwritingThe clock has starts ticking to closing day, but much remains to be done during those few weeks. Read on Chapter 6: Closing Chapter 7: Ownership, after closingYou have the keys, but you're not done. Your mortgage needs periodic maintenance, too. Read on advertisementRelated Links:Rates at 50-year lowRate Roundup: March 26Skip biweekly mortgageRelated Articles:Rate recordCost of fleeing mortgageRate Trend Index
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