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fha mortgages - Kansas KS: Loans & Mortgages :: Refinancing :: Bad credit loans :: First time buyers home loans :: Advice on the best loan for you :: Mortgage advisor.

Generally speaking, a mortgage is a loan obtained to purchase real estate. The mortgage itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest.

How do I get pre-approved for a loan?

Yes. The two basic types of mortgages are fixed rate and adjustable rate.

Types of Mortgage Lenders

Interest Interest is the cost of borrowing money, usually expressed as an annual percentage of the loan amount - for example 8.125%, 9.000%, etc. Lenders will offer different rates depending on the type of loan program offered.

When to Refinance

A reverse mortgage is a sophisticated financial planning tool that enables seniors to stay in their home -- or age in place -- and maintain or improve their standard of living without taking on a monthly mortgage payment. The process of obtaining a reverse mortgage involves a number of different steps.

fha mortgages - Kansas KS