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Mortgage Shopping TipsFinding the right mortgage can save you lots and lots of money over the long term. So we've provided lists of things to think about when shopping for a fixed rate or an adjustable rate mortgage.
Tip 1: Shop for a lender. Compare rates, terms, penalties and points.
Tip 2: Make sure there are no prepayment penalties.
Tip 3: Choose a shorter term mortgage.
Tip 4: Shop for a lawyer to save money.
Tip 5: If you can't afford a shorter term, consider prepaying a portion of your principal every month.
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