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House Loan Questions


Drewhop

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I am going wednesday to potentially get financing on a house. It will be my first and Im really excited.

My question is i know the market is not the most stable right now and interests seem to be all over the place. I am going to be buying the house from my Mother in law. The house is roughly a 150k+ home and she is going to sell to us at about 100k.

What can i expect payment wise. She has also stated that for the first 5 years she will pay the property taxes and insurance on the home. Anyone that might do this for a living feel free to contact me. If you have any thoughts as to what a general payment would be on the home as well.

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