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Published Friday, October 13, 2006 by Real Estate Pro.Mortgage interest rates remain at 30 year lows. One thing to remember is the rates one sees on TV or in print ads generally reflect 'perfect' borrowers; 20% or better equity, single family residence, fully documented income, debt ratios under 38%, credit scores 720 or better, loan amounts less than $417,000 on purchase loans and with no cash-out for refinances and maybe paying points.
Tagged: equity
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