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Buying Your First Home And The Truth About Interest Rates

Posted on January 20, 2024 by James Whitten
Buying your first home could be a challenging thing.There are several things that get into investing in a house that the very first time home buyer might not know about.A very important factor that switches into investing in a home is really a deposit.A deposit is money you set up front to get the home.The more income you set up front the less you will need to repay to the lender.Another thing a first-time home buyer might not know about is really a mortgage...

Using Retirement Savings for Your Down Payment

Posted on March 8, 2021 by James Whitten
One of the largest hurdles to purchasing your first home is discovering the deposit.Alas, you might curently have it rather than even realize it.Long ago, you needed twenty percent of the worthiness of the house you were thinking about as a deposit.On a $300,000 home, that equated to an impressive $60,000.As possible guess, few people could afford this type of cost on a fresh home.The mortgage industry gradually evolved a far more liberal attitude towards down payments...