A New House � Economy

A New House � Economy - A New House Economy William...

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A New House – Economy William Scott Shamblin May 28, 2010 XECO / 212 U of Phoenix / Axia College
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When I decided to buy a house there has to be a minimum to consider here, the economy is one thing that must be addresses because of the one thing that drives up rates to get a loan is how the economy is doing at the time of a lock-in rate. If the economy is hot the rates will be high and it could be as high as 11 % for the life of the loan. This intends to be too high for us working class Joes. But if the rate is in the low 4.0 % then us working class Joes can now get a loan to buy a house of our dreams. Now with this in mind we have to look at the factors that will give us a clear cut answer of this, like right now the economy is down the rates are in my neck of the woods is just around 4.67 % to 5.36 % and if you make a month about 4,000 dollars and a house you want to buy is at 260,000 dollars you will pay about 1450.00 a month. So I would be able to buy a house. But if my pay cannot but a lot today then I cannot get much for what I have
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A New House � Economy - A New House Economy William...

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