In high-priced housing markets, it can be difficult to afford a home. That’s why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustable-rate mortgages…
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Sharon Paxson answered:
I am planning to buy house.For downpayment we are planning to borrow money from freinds.
Hi - my recommendation is to speak to a lender and ask them this specific question. The source of the funds may be inquired about.
If you have an interest rate above 5.75% consider a refi
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