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A mortgage is a broader term used for a home loan. A home loan is necessary is the majority of people are not able to pay for the cost of a condo, townhome or a home upfront...
The recent housing market boom and now bust has resulted in people owing more money on their mortgage than the market value of their property...
A bank is a financial institution that is chartered by the local state or the federal government. The bank takes deposits and makes loans, such as small business loans, home loans, HELOC, personal loans in an attempt to make a profit...
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