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You CAN buy a house! - 12/10/08 03:03 PM
Interest rates have been good all year and lately have become very good! We have been well below 6.0% for the past week! With all the talk about this economic crisis and difficulty in borrowing money, let's look at the facts. First, there are no "stated income" loans available in the traditional lending arena. You have to prove that you have a job! And if you don't, why would you be buying a house anyway? That said, I've put together these two tables to give you an idea of what it takes to buy a home. Because down payment money is … (0 comments)

Mortgage Rates - Going where no man has gone before? - 12/10/08 11:22 AM
Last week we saw mortgage interest rates fall to levels not seen since January this year and then again back in 2003. Falling from about 6.25% the week before, a 5.5% 30 year fixed rate mortgage became available once again. This was due to a surprise decision by the U S Treasury to invest billions of dollars in the mortgage bond market. Initially, I thought this was simply a knee-jerk market reaction to the influx of money and these rates would not last too long. I believed that the condition of the economy would continue to weigh heavily on investment decisions … (0 comments)

 

Ken Rivera - Turlock

Turlock, CA

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American Pacific Mortgage

Office Phone: (209) 668-7000

Cell Phone: (209) 648-3596

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A mortgage sales manger and loan officer offering timely opinions and advice on local, state, and national mortgage topics serving Turlock, Stanislaus and Merced counties and the ability to lend in the entire state of California if required by my clients.


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