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    What kind of mortgage can I get?
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    There are many different types of mortgages that a buyer can apply to. Depending on your income and ability to repay the loan, you may qualify for a fixed-interest rate mortgage or a variable-rate mortgage. A mortgage can also be taken for different terms. For example, it can be repaid over a 10, 15 or a 20 year term. The longer the term, the more interest that the borrower will have to pay. Furthermore, some mortgages can be open with an option to repay the entire loan at any time or closed with no ability to repay the loan before its end of term.

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