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All Tags » Real Estate » Buy (RSS)
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In my experience... no. If you have very little money to put down the FHA is doing loans for 3.5% down. Rates on an FHA loan ranged from 6 to 6.5% with good credit scores. Advantages of an FHA Loan.Lower down payment- 3.5%Loan is assumableHigher qualifying ratios of 29% for housing and 41% for total debtUp-front Mortgage ...
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Housing prices are low, potentially near the bottom. Interest rates are low, hovering around 6%. Now could be the right time to buy if you are a first time home buyer or a move up buyer. There are several considerations to make and the decision should not be taken lightly.Is there a need for you to make a purchase.... expanding ...
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