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It may feel as though every mortgage lender in America is offering FHA loans. The Department of Housing and Urban Development’s (HUD) Mortgagee Review Board from July 10, 2008 to August 4, 2009,
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BayCoast Mortgage Company names Andrew MacDonald to position of Loan Officer BayCoast Mortgage Company names Andrew MacDonald to position of Loan Officer. BayCoast Mortgage Company, LLC,formerly known as NFC Mortgage, with offices in Westford and Swansea, MA, and a service area including all of the East Coast from New England to Florida, today announced that Andrew MacDonald of Plainville, MA, has been.
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An FHA Mortgage is a government-backed home loan with more flexible lending requirements than those for conventional loans. FHA loans are insured by the Federal Housing Administration and may have an easier qualification process due to less stringent down-payment and credit requirements than conventional mortgages.
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Fixed Rate Mortgage. A fixed rate loan is a loan in which the interest rate does not fluctuate during the entire term of the mortgage. With a fixed-rate mortgage, the homeowner can make the same payment each month until the mortgage is paid off. If interest rates increase, your mortgage payment won’t be affected.
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