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Most people get 30 year fixed mortgages but adjustable rate mortgages ARM can have advantages. Unless you have a very generous � and wealthy � relative who's willing to give you the full price of your home and let you pay it back without interest, you can't just divide the cost of your home by the number of months you plan to pay it back and get your loan payment. The results will show the payment details and the amortization schedule.
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