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Las Vegas Real Estate Trend is Lower Cash Down for 1st Time Home Buyer. Search FREE 100's of 3.5% Down Inventory of Foreclosure

"FHA is certainly becoming more expensive," noted Craig Strent, CEO of Apex Home Loans in Bethesda, Maryland. "The increase in low down payments is reflective of first-time buyers coming off the sidelines and entering the market. We're going to see more of this trend in the next couple of years as the economy improves and renters start to once again see the benefit of buying over renting. FHA has become more expensive and the mortgage insurance companies are the beneficiary of that, which is really not a bad thing as it means the private market is insuring the lower down payments rather than the government." READ MORE
http://homes.yahoo.com/news/no-cash--no-worries--home-lenders-ease-up-rules-193804515.html

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