What’s The Difference Between A Mortgage And An Auto Loan?

What’s the Difference Between a Mortgage and an Auto Loan?

What are biggest loans you'll take out in your lifetime? If you're like most people, they’ll be the ones you use to finance the purchase of your home and car. But aside from the sizable financial commitments that come with these jumbo-size loans, mortgage and auto loans don't have as much in common as you might think. In fact, you'll find differences in everything from the credit scores you'll need to qualify for these loans to the time it takes to close them.

What Are Closing Costs?

What are Closing Costs?

Mortgage closing costs are fees charged by the lender, to you, for services that must be performed in order to close your loan. You might be curious about how they’re determined and what’s included, so let’s go over what you can expect on a typical mortgage transaction when you buy or refinance a home.

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