Mortgages and Loans Q&A
Q: I’ve heard there are special mortgages for first-time homebuyers like me. Is this true?
A: It’s a great time to be a first-time homebuyer because now lenders are offering affordable mortgage options to help you overcome obstacles that might have made purchasing a home difficult. Lenders may now be able to help borrowers without a lot of money saved for down payments and closing costs, don’t have a stellar credit history, carry significant long-term debt, or with irregular income histories. Comparison-shop lenders before you make a decision.
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