Mortgages in Cedar Crest, New Mexico - Mortgages in Cedar Crest, NM - Yellow Pages Directory Inc.
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Home ::: New Mexico ::: Cedar Crest ::: Mortgages

Mortgages in Cedar Crest


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Business Listing   Farmers Insurance Group of Companies - Cedar Crest, NM - Phone: (505) 286-5050


Business Listing   Mountain Insurance Services - Cedar Crest, NM - Phone: (505) 281-5099


   
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Helpful Definition for: Mortgages


Mortgages are loans which are given by lenders to pay for the purchase of real estate property, and have a specific time period and rate of interest for the payment. The borrowers, who are known as the 'mortgagors', give the lenders, also known as the 'mortgagees', a legal asset as a security against the loan. In Cedar Crest, the borrowers may get mortgages either from financial establishments like banks directly, or from individuals who act as mediators between the bank and the borrower.

Mortgages in Cedar Crest vary, depending on two main categories: the time period of the loan and the interest rate of the loan. Mortgages may be for 15 or 30 years, as per the time period in Cedar Crest. Based on the interest rates, the mortgages are either fixed or variable.

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