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Some lenders even allow 100 percent financing, meaning you can get a mortgage for the entire purchase price of the home you want to buy. Second, you don't have to pay as much private mortgage insurance (PMI) as other high loan-to-value
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Mortgage Refinance Information: Lock in Your Mortgage Interest Rate
If you are unable to close before the rate lock expires, the mortgage lender could charge you a higher interest rate for the loan. Here are the basics of mortgage rate locks to protect you when refinancing your mortgage loan.
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