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Mortgage rates valid as of 29 Aug 2019 09:31 am EDT and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10.
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If the borrower is purchasing a home with a mortgage loan, once the closing documents are signed, the borrower does not have the right to cancel. Make sure to ask questions if you are unsure about any part of the process or paperwork.It’s important to review these documents carefully, to make sure that they are accurate.
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