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11. What is the longest period of time I can amortize my mortgage over?
Recently, Mortgage Insurers have started to offer insurance for mortgages amortized for up to 35 years. In the rising cost environment that home buyers in particular are faced with today for the purchase of an average home, this certainly serves as a tool to assist the home buyer with not only qualifying for a larger mortgage amount, but also allows for payments that are more suitable to their budget.
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