10 Essential Mortgage Terms Explained

Navigating the world of mortgages can feel overwhelming, particularly with the countless terms and concepts to wrap your head around.

Whether you re a first-time homebuyer or considering a refinance, grasping the essential terminology is vital for making informed decisions.

This article distills 15 key mortgage terms, covering everything from “mortgage” and “down payment” to “equity” and “closing costs.” By the end, you ll have a clearer understanding of the mortgage landscape, empowering you to tackle home financing with newfound confidence.

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