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 | What is a mortgage and how do I get one? | Rocket Mortgage
When you get a mortgage, your lender provides a set amount of money to buy a home. You agree to pay back your loan with interest over several years. The lender's rights to the home remain until the mortgage is fully paid off. Fully amortized loans have a set payment schedule that ensures the loan is paid off by the end of the loan’s term.
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 | Home Mortgage Loans - Bank of America
We offer a wide range of loan options beyond the scope of this calculator, which is designed to provide results for the most popular loan scenarios. If you have flexible options, try lowering your purchase price, changing your down payment amount or entering a different ZIP code.
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 | What Are Different Types of Mortgage Loans Available?
Welcome to the most popular home loan option, a common route for buyers or refinancers with solid credit. A conventional loan is not backed directly by the government, but is supported by government-sponsored entities (GSEs) like Fannie Mae and Freddie Mac. These GSEs are responsible for keeping the mortgage market healthy and stable, so banks can offer more loans and people can afford to buy ...
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