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Mortgages in Trotwood
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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 Trotwood, 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 Trotwood 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 Trotwood. Based on the interest rates, the mortgages are either fixed or variable.
Recent News from the Green Blog
It was bound to happen, and it finally has. On September 30, 2014, Governor Jerry Brown signed into law a bill that makes California the first state in the country to prohibit stores from offering environmentally-problematic single-use plastic bags to their customers. SB270 provides that plastic bags will be phased out from use at supermarkets, large grocery chains and pharmacies..