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Purchase Mortgage, Renewal Mortgage Strategies for Smart Home Financing Decisions | #purchase Mortgage

Purchase Mortgage, Renewal Mortgage Strategies for Smart Home Financing Decisions

Purchase Mortgage, Renewal Mortgage Strategies for Smart Home Financing Decisions

A purchase mortgage is the initial loan taken out to buy a property, while a renewal mortgage occurs when the term of the original mortgage ends and the borrower either renews with the current lender or switches to a different one.