What do lenders look for when determining how much home you can afford?
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Wednesday, March 28, 2007
How Much Debt is Right for You?
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A mortgage is a method of using property (real or personal) as security for the payment of a debt. The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
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