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Category Archives: approved cash

The advance payment. The truth that you’re incorporating a cosigner to your loan doesn’t make a deposit requirement disappear completely.

The advance payment. The truth that you’re incorporating a cosigner to your loan doesn’t make a deposit requirement disappear completely. Based on the many current recommendations from the Federal National Mortgage Association (or “Fannie Mae”)—the loan-to-value ratio in the home being purchased cannot exceed 95 percent. This means that the five per cent advance payment […]

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