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NVR Mortgage Finance is a business credit institution. NVR Mortgage Finance is a subsidiary of NVR Inc. The NVR Mortgage Finance operates among various business areas such as Homebuilding and Mortgage Banking.
A variable mortgage rate is attached to Prime, which means it will fluctuate if Prime goes up or down. An open mortgage is one that can be prepaid anytime without penalty, but comes with higher rates. And a cash back mortgage gives you the option to borrow some extra cash when you buy your home. Fixed Variable Fixed-Open Variable-Open Cash Back Term: Term The mortgage term is the amount of time a home buyer commits to the rules, conditions and interest rate agreed upon with the lender. The term can be anywhere from six months to 10 years, with a 5-year mortgage term being the most common duration.