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In Loans

How do you get a mortgage?

First you need to know if you have good credit and what are yourassets. What can you afford to pay for down payment and closingcosts. Second find a reputable mortgage broker. (MORE)
In Loans

What is the formula to calculate mortgage payment?

The answer: you probably don't want to know. Here it is: P = L[c(1 + c)n]/[(1 + c)n- 1] where P equals payment, L equals loan amount, n equals number of months in the loan (MORE)

What is mortgages?

A mortgage is a loan to buy a home. Like any  loan, interest is charged on the amount you borrow (the principal).  Each mortgage payment consists of repayment of the princip (MORE)