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second job: Compensating Factors and FHA - 06/10/08 07:25 PM
I was at a seminar today that reminded me of one of my favorite things about FHA...
the 5th C of Credit!  We've all heard about the other 4 C's.
Cash:  How much can you put into the property, how much have you saved? Credit:  Do you have a credit history?  If not, FHA will accept some non-traditional credit.  Do you have a spotless credit history?  If not, FHA might still be willing to insure your loan! Collateral:  Do you have a property FHA wants to insure? Character:  Have you moved 8 times in the last 3 years?  Do you have … (3 comments)

 
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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

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