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When your monthly mortgage payments aren't large enough to cover the principal and interest due, unpaid interest is added to the loan balance, increasing the amount of money you owe.
See Jumbo Loan.
Having a financial plan before you look can help you better prepare for home buying costs.
Read moreHere is a list of ten things you should know before refinancing.
Read moreWe can help walk you through the process when you’re ready to take the big step and buy or refinance.
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