Posts Tagged 'FHA loan'

Lock in the 10% Discount on the Home You Want to Own Today.

Jason is purchasing a new home for $200,000. Jason is using an FHA loan to buy the home, and is putting down the minimum 3.5%. He is getting an interest rate at 5.5%*. Jason’s monthly payment, excluding taxes, insurance, and MI would be $1,115.70. That is a good payment, and manageable for most people.

Let’s say that Jason waited until early next year to make that purchase. If interest rates edge ...

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