Getting a Mortgage

 Few people have access to the entire amount of money required to purchase a home outright.  A mortgage is a loan that can help you finance the purchase of your home so you do not need to pay the entire price all at once. Your home is collateral for that loan.  Keep in mind you will still be required to pay a down payment, as well as other closing costs, which may include a property appraisal, a land survey, title insurance, water testing, home inspection, furnace oil allowance, land transfer taxes, legal fees or other fees.    

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