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  2. Can you buy a house with cash? Is it smart? - AOL

    www.aol.com/finance/buy-house-cash-smart...

    Pros and cons of buying a house with cash. ... And avoiding a mortgage means saving plenty of money in closing costs and interest over time. Plus, you’ll immediately own your home free-and-clear.

  3. Pros and cons of a 15-year mortgage - AOL

    www.aol.com/finance/pros-cons-15-mortgage...

    Key takeaways. Pros of a 15-year mortgage include paying less in interest over the life of the loan as a result of a lower rate and shorter term, and paying off your mortgage sooner.

  4. 15-year vs. 30-year mortgage: Which is right for you? - AOL

    www.aol.com/finance/15-vs-30-mortgage-215934391.html

    30-year mortgage pros and cons A 30-year mortgage may give you more breathing room in your monthly budget, and it’s generally easier to qualify for. But you’ll pay far more in interest.

  5. Guide to no-down-payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    Pros and cons of a no-down-payment mortgage. The ability to buy a home with no or very little money down can be appealing, but there are drawbacks, too. Pros of no-down-payment mortgages. You can ...

  6. What is a chattel mortgage? - AOL

    www.aol.com/finance/chattel-mortgage-192400044.html

    A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. They are sometimes referred to interchangeably as manufactured home loans.

  7. Open-ended mortgages: What are they and how do they work? - AOL

    www.aol.com/finance/open-ended-mortgages...

    Let’s say you were approved for an open-end mortgage in the amount of $500,000 and buy a home for $440,000. You’ll begin repaying principal and interest on the $440,000.

  8. 1 in 4 First-Time Home Buyers Today Are Considering an ... - AOL

    www.aol.com/1-4-first-time-home-100015239.html

    Here are a couple of pros and cons to be aware of if an adjustable-rate mortgage is on your radar. Pro No. 1: You can get a lower starting interest rate The average 30-year mortgage rate as of ...

  9. What is an interest-only mortgage and how does it work? - AOL

    www.aol.com/finance/interest-only-mortgage-does...

    Here are some pros and cons: Pros of interest-only mortgages. You get more house for your money. You can enjoy a larger home for less money while you save up for a larger mortgage.

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