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Mortgage market basics should attract the interest of any prospective property owner who requires asset financing. A mortgage loan is a loan advanced mainly to finance property acquisition. The property to be purchased in normal circumstances acts as security for this loan.
If you are in the market for a home you will have to choose between a fixed-rate mortgage (FRM) or variable-rate mortgage (VRM). They are the two most popular ways of securing funds to buy the residence you will live in. Both offer excellent financing with a few variations in how they are handled.
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