Mortgage Term Glossary
Assurance Financial
APRIL 29, 2021
The first number refers to the length of the introductory period, while the second is how often the rate can adjust. The appraisal can be more than the price of the house or it can be less. If the property appraises for less than you are trying to borrow, there is a chance your mortgage will fall through. Amortization.
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