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If you see verbiage which include “precomputed curiosity,” “desire refund” or “rebate of fascination,” this is a very good sign the lender can be implementing the Rule of 78.
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Perfect for: Retirees with a small outstanding current property finance loan on their own latest residence who would like to acquire a second residence
Several future borrowers previously experienced to wait until eventually turning 62 to qualify for your HUD software, often with issues about soa