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Mortgage Basics

Related topics

- What Is a Mortgage?
- Interest Rate vs. APR
- Term
- Amortization
- Points
- Escrow
- RESPA

Talking with a mortgage broker can feel like conversing in a language you studied for a year in high school. You might get the gist of what he's saying, but you might not fully understand what everything means. Don't get lost in translation. Before you apply for a mortgage, make sure you understand the basics.

Why a Down Payment?
Calculate Your Down Payment
Alternatives to Paying 20 Percent Down
The Mortgage Process
Types of Mortgages
Choose the Term of Your Mortgage
Government Financing Programs

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Mortgages on Zillow

Compare homes

Shopping for a home is a lot like dating. It can be fun, and you might fall in love.
Shopping on the Internet

Looking at homes online is a great way to acquaint yourself with what's on the market.
Working with a mortgage broker

If you choose a mortgage broker, you work directly with her and she works with the lender.
Do the paperwork

Read on to learn about the paperwork involved in a typical loan application.