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Dumb moves that sound smart: Buying a house – Reality check: At the end of the first year, your mortgage balance has declined to just $196,498, according to the amortization calculator. which we’ll estimate at $100 a month. But he didn’t have.
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what is fha streamline loan The loan amount is typically for more than the purchase price of the home, so there are stricter requirements for a 203k loan vs an FHA loan. One of these differences is the minimum credit score requirement. While fha home loans require a 580 or higher FICO score. A 203k streamline requires good credit history, and at least a 640 credit rating.
How much house can you afford to purchase? – To calculate your housing expense. and insurance when calculating how much house you can afford: real estate taxes: Because property taxes are part of your monthly mortgage payment, it is important.
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