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Mortgages

  • Mortgages

    22 JUL 2022 · Mortgages can be a confusing area of life to understand, but in essence, they are just a special loan you take out on property. For many of you listening, it’s probably too early to think about getting your first property, but that doesn’t mean shouldn’t know how to when the time comes. The housing market is competitive, and constantly changing, but mortgages can help you get that first foot on the ladder, so give yourself the best possible chance of achieving that goal.
    11m 21s

You may have heard people talking about mortgages before, but not actually understood what they are or what they’re used for, so, a mortgage is a specific type of loan....

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You may have heard people talking about mortgages before, but not actually understood what they are or what they’re used for, so, a mortgage is a specific type of loan. There are countless loans you can get, from student loans to personal loans to payday loans and they each working differently from one another.
Mortgages are generally offered to purchase a property, a house, or an office perhaps, and as the amounts borrowed are usually high, then they are paid back over many years.
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Author National Life-Skills Academy
Categories Education
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