Those seeking a first time buyer mortgage are being turned away in record numbers. The problem is being blamed on the fact that in order to get a first time buyer mortgage right now you have to have a large down payment and be willing to pay higher interest rates. For many first time buyer […]
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First Time Buyer Mortgage Advice
Posted on June 19th, 2008 by Bright Light
Those seeking a first time buyer mortgage are finding it increasingly difficult to find a bank willing to work with them. Rates are going up and even though housing prices are down, approvals for first time buyer mortgages are as well. One of the main problems affecting the first time buyer mortgage market is the […]
First Time Buyer Mortgage Rates Continue to Go Up
Posted on June 13th, 2008 by Bright Light
First time buyer mortgage candidates are finding that rates are going even higher this week, thanks to the announcements of several top banks. Despite frequent calls from government officials to drop interest rates, banks are refusing and first time buyer mortgage candidates are being hit very hard by the increasing costs. Add in the fact […]
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