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Principle and Interest The first item on your house note will be the Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading
Tagged amortization, buyers, escrow, fannie mae, FHA, FHA 203k, finance, flood insurance, for sale, freddie mac, home, home loan, homeowners insurance, house note, HUD, insurance, interim fincnce, loan, mortgage, mortgage calculator, mortgage insurance, pmi, pre-approval, pre-qualification, principle and interest, property tax, short sale, st tammany, tax escrow
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Yes! . . . and it is not a gimmick nor is it VA. It is a little known federal program called USDA Rural Development. Unlike most loans, a USDA-RD loan is unique in that the property itself is the … Continue reading
Tagged credit, FHA, home loan, homes for sale, loan, mortgage, no money down, pmi, real estte, rural development, slidell, USDA, usda-rd