Today is a great day to buy a home with rates as low as 3.75% for a 30 year fixed mortgage. It can seem complicated but let’s simplify it with an example.
We are going to purchase this lovely home for $350,000, because I want the lowest down payment for a home I’m going to do an FHA loan; conventional requires 5% minimum down payment. I am going to put down $12,250 dollars.
Because I am choosing to do an FHA loan I need to have everything taken care of … (2 comments)
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