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Friday, July 11, 2008

More Concerns in the Mortgage Industry

Troubles for Freddie Mac and Fannie Mae may mean bigger problems for the whole economy. But those same problems illustrate how important it is for those seeking to purchase homes do their research and buy within their means. If you plan to live in a place for three years or more then you should look for fixed rate mortgages. And your mortgage payment should be no more that 25% of your family take home pay. Read about the Freddie and Fannie problems here.

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