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Mortgages: The Basics
A mortgage is the largest sum of money most people will every borrow. The interest costs alone can easily run into the tens of thousands of dollars. So when borrowing to buy your home, it is important to understand how mortgages work. Knowing how they differ from lender to lender, how much they really cost, and how to reduce your costs can save you a lot of money, and possibly take years off the life of your mortgage.