33. WHAT IS A MORTGAGE?
Generally speaking, a mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest.
34. WHAT IS A LOAN TO VALUE...
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Financing Questions: Mortgage Basics
How Much Home Can I Afford?
The maximum loan amount of your mortgage depends on several factors, such as, how much you earn, how much debt you already have and the type of mortgage.
FHA mortgages are one example:
What have you heard about qualifying for an FHA-insured Loan?
* Only inexpensive homes are allowed? Not true!
...
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FHA Mortgages And Loan Limits
FHA Limits For Pennsylvania (PA)
Common Questions About an FHA-insured Loan
Why choose an FHA-insured loan?
There are lots of good reasons to choose an FHA-insured loan, especially if one or more of the following apply to you:
* You’re a first-time homebuyer.
* You don’t have a lot of...
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