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Author: admin | Category: Loan Car Calculator | Date: 17.04.2014

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Among the things you’ll want to discuss with prospective lenders are the rates they offer on mortgages. When comparing rates, you need to look at the annual percentage rate (APR), which includes interest, extra fees and costs amortized over the life of the loan. You should become familiar with the various types of loans available; fixed rate, adjustable rate, government-backed loans (FHA and VA), assumptions, blended loans, and more. If you have no plans to move, and feel that inflation will rise rapidly, a fixed rate would obviously be better.

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