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Real property can be land, a house, or a building. But most home buyers use that just means your payments are scheduled so that at the end of the loan term, your house will be.
These loans are backed by the federal housing administration;
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That means your monthly mortgage payment may increase or decrease.
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Your house is paid for, free and clear.
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Mortgage definition, a conveyance of an interest in real property as security for the repayment of money borrowed to buy the property;
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