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An Ohio mortgage is loan document in which you pledge the title to
your home as the collateral. Simply put, if somebody loans you money
this person will most likely ask that you put something up as
collateral of equal or greater value. In the case of a home loan or
mortgage, the title is what is held as collateral. Basically the
lender holds the title or in some states holds a lien to the title
until the entire loan is paid off. The lender gives you the loan and
in exchange you agree to pay monthly PITI (Principal, Interest,
Taxes and Insurance).
Whether you are looking to purchase a new
home, refinance, debt consolidate, purchase an investment property,
new construction loans, second mortgages or take out a home equity
loan in Ohio, we are here to serve you.
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