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2. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   If you’re able to put down 10 percent ($50,000), your other debts total $500 each month and you can qualify for a 7 percent interest rate, you’ll need an annual salary of around $144,000 to ...

3. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [ 2 ]

4. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The FHA makes provisions for home buyers who have recovered from "economic events". Via the Back To Work - Extenuating Circumstances program, the FHA reduces its standard, mandatory three-year application waiting period for buyers with a history of foreclosure, short sale or deed-in-lieu; and two-year application waiting period after a Chapter ...

5. 15-year vs. 30-year mortgage: Which is right for you? - AOL

   www.aol.com/finance/15-vs-30-mortgage-215934391.html

   Key takeaways. A 15-year mortgage means larger monthly payments, but a lower interest rate. A 30-year mortgage offers a more affordable monthly payment, but also means paying more in interest.

6. HOME Investment Partnerships Program - Wikipedia

   en.wikipedia.org/wiki/HOME_Investment...

   Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...

7. Reverse mortgage requirements - AOL

   www.aol.com/finance/reverse-mortgage...

   A reverse mortgage is not free money — interest and fees will be added to your mortgage balance each month. That means the amount you owe on your mortgage will go up. ... However, if the home at ...