Mortgages in Lauderdale By The Sea, Florida - Mortgages in Lauderdale By The Sea, FL - Yellow Pages Directory Inc.
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Mortgages in Lauderdale By The Sea


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Business Listing   Bank Of America - Lauderdale By The Sea, FL - Phone: (954) 786-8551


Business Listing   Just Mortgages Corporation - Lauderdale By The Sea, FL - Phone: (954) 594-6666


   
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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 Lauderdale By The Sea, 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 Lauderdale By The Sea 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 Lauderdale By The Sea. Based on the interest rates, the mortgages are either fixed or variable.

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