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80-10-10 Loan Home-Equity Loan – A home-equity loan, also known. are no longer allowed (10 to 20 years). HELOCs typically have a variable interest rate, but some lenders may convert to a fixed rate for the repayment period. First.
Bank of America now offers 3% down mortgages without. – Bank of America unveiled a new affordable mortgage program that offers consumers the option of putting as little as 3% down and requires no mortgage insurance.
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Applying for a mortgage? Shop the rate (and prepare for paperwork if you’re self-employed) – (WTOP/Jeff Clabaugh) For homebuyers applying for a mortgage, the work starts well. at least two months of most recent bank statements, recent pay statements and, for those not self-employed.
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