Table of contents
Chapter 1: Should you buy or rent?
Chapter 2: How mortgages work
Chapter 3: Your mortgage payment
Chapter 4: Paperwork and fees
Chapter 5: Underwriting
Chapter 6: Closing
Chapter 7: Ownership
Which is the better mortgage option for you: fixed or adjustable?
The low initial cost of adjustable-rate mortgages, or ARMs, can be very tempting to home buyers, yet they carry a degree of uncertainty.
Fixed-rate mortgages offer rate and payment security, but they can be more expensive.
Here are some pros and cons of ARMs and their fixed-rate brethren.
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According to the Supreme Court, you can rescind, or cancel, the mortgage any time within three years. All you have to do is send a letter to the lender.
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