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The 40 year fixed rate mortgage is simply a mortgage that amortizes your payment
over a 40 year term. The advantage of this loan is that it allow for you to qualify
for more home. The disadvantage is that you will be paying for the home over 40
years.
To determine what type of loan is the right loan for you and/or your family,
please consult one of our mortgage consultants.
Thank you for your interest in Schmidt Mortgage Corporation. |