Tips for Using a Mortgage to Buy a Fixer-Upper
A mortgage is an economic agreement that allows individuals to borrow money to purchase property, typically a home. It is really a long-term loan secured by the property being purchased, meaning the lender has the proper to seize the property if the borrower doesn't repay the loan as agreed. Mortgages are fundamental to homeownership, enabling people who may not need sufficient savings to fund...
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