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Home Mortgage Calculator

This is a specific type of loan for which the collateral is real property. The loan amount is therefore less than or equal to the sell price of the real estate. The interest on a mortgage loan is a fee that you pay for borrowing money. It’s typically provided as a rate, meaning that the interest is a given fraction of the principle. There are a variety of ways in which a borrower may make mortgage payments to the lender.

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