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Mortgage Basics
A calculator a house and a $1 bill in the background
Mortgage Basics: Table of Contents

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.

Chapter 2: How mortgages work

You can get a mortgage in many places, but they all share the same characteristics. We explain.

Chapter 3: Your mortgage payment

Your monthly payment is determined by the rate and the amount of the loan, but there's much more to it.

Chapter 4: Paperwork and fees

Prepare to gather a lot of paperwork, negotiate your loan terms and make sense of all the fees.

Chapter 5: Underwriting

You can help speed the verification of your information while the appraisal and inspection are done.

Chapter 6: Closing

The closing table is your last chance to alter the deal, and the last chance for someone to sneak something past you.

Chapter 7: Ownership, after closing

You have the keys, but you're not done. Your mortgage needs periodic maintenance, too.

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Polyana da Costa

Buyers and refinancers got raises –not

Wages of U.S. workers have been stagnant since the Great Recession in 2007 but the median wage of homebuyers and refinancers has been all over the map. What does that say about the housing market? The median wage of homeowners refinancing their mortgages increased significantly since 2000, according to data analyzed by Corelogic. Buyers also  ... Read more

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