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What To Know When Buying A Home
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As each American ventures into their journey through the “game of life”; one often begins with finding a home. Some prefer renting; yet, many prefer to buy a home. Buying a home can be exciting and perplexed. Getting the proper information can greatly help ease the anxiety and fears of such a great purchase.
The first step for a homebuye ....
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.... property from the seller to the buyer.
Equity- the value of property actually owned by the homeowner: purchase price plus depreciation, plus improvements, less mortgage and liens.
Federal National Mortgage Association (FNMA called Fannie Mae)- privately owned corporation created by congress that buys mortgage notes from local lenders and is resp.... |
| Word count: 972 |
Page count: 4 |
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