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Uncategorized HOW TO PURCHASE A HOME WITH LITTLE DOWN PAYMENT, LOW INCOME, AND A BAD CREDIT SCORE Buying a home can be difficult, particularly if you have a low income, little money saved for a down payment, and a low credit score. However, homeownership is still attainable with the right knowledge and tools. Here are some pointers for purchasing a home with a small down payment, a low income, and a poor credit rating. […]
Uncategorized WHAT IS A 2-1 BUYDOWN AND HOW DOES IT WORK? For homebuyers looking to reduce their initial monthly mortgage payments, a 2-1 buydown is a type of mortgage financing option that can be very beneficial. Here’s how it works: When a homebuyer takes out a 2-1 buydown mortgage, the lender agrees to temporarily lower the interest rate for the first two years of the loan. […]
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