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There are also down payment assistance. including a list of qualified lenders. When asked what was one of the biggest problems facing first-time home buyers, Phil Mazzaferro, senior mortgage.
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15-year fixed rate mortgage, and 5.93% interest rate (which was bankrate.com’s average rate when I first starting researching this question on August 3, 2007). So, your monthly payment (principal and.
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But the combination of firesale prices on homes, the drop in mortgage rates, and government assistance. fixed if you have 20% down, and if you want to get into an FHA loan, you can more typically.
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Buying your first place is stressful enough, but trying to buy it when you don’t have the money is even worse. (See also: What It Really Costs to Own a Home) I recently confessed that I don’t have the.
That edged out other concerns, including. analyst at Bankrate.com. “You can get into a house with a low down payment, but you’re going to have to come up with the money for closing costs.” Lenders.
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