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Meet a Reader | JenRR from the Midwest

The Frugal Girl

We share our home with a 70lb rescued mutt. Besides dealing with my sudden unemployment when my oldest child was a toddler, I was hoping to figure out a way to extend my time at home with him. We ending up buying our current home in 2015, when local prices and interest rates were significantly lower. Childhood joy.

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Current Mortgage Rates: Compare today’s rates | NerdWallet

Savings Corner

Instead, they use a mortgage, which is a loan to buy a home. After making a down payment of anywhere from 3% to 25%, they get a mortgage to cover the remaining costs of purchasing the home. Each payment includes a combination of principal and interest, as well as property taxes, and, if needed, mortgage insurance.

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