NewHomePlease, Home Buyer in Miami, FL

Can you please explain the special mortgage rates for 1st time home buyers?

Asked by NewHomePlease, Miami, FL Thu Mar 7, 2013

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Shawn Bowman’s answer
1st time buyer programs have gone by the waste side since the mortgage meltdowin in 2008. rates are based on your credit score, debt to asset ratio and source of income (W2 or 1099). you do get a better rate for being a primary resident. search for information on VA, FHA, USDA and Homepath mortgages as they have fewer requiremetns as conventional loans.
0 votes Thank Flag Link Thu Mar 7, 2013
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