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Second mortgage loans usually have terms of up to 20 years or as little as one year. The shorter the term of the loan, the higher the monthly payment will be. It is always a good idea to talk about the terms of repayment with the lending mortgage company to select the loan that will best suit the needs of the homeowner.
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Internet-based mortgage companies often offer the best mortgage rates, but who are you really working with? We show you how to find the best online mortgage lenders and discuss when it’s worth getting your mortgage online versus working with a local bank or broker.
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Meridian Bank delays 1Q earnings report due to mortgage snafu – Meridian Bank originated residential mortgage loans in a neighboring state where it did not have a license, its parent company disclosed in a regulatory. Young sort through the issue to determine.
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