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Getting a Mortgage to Finance your Home
If you are planning to finance your Madison home or any home for that matter and you want to know a little more (or a whole lot more) about what to expect, then this primer may help you out. Find out the difference between a Pre-Qual letter and a Pre-Approval letter and how both are quite different than a Commitment Letter…the thing that can remove your financing contingency. Understanding what these things are and what they mean to you, your bank or credit union and your seller is a good first step. Questions? Read on…
FHA Financing for Madison Area Homes
FHA financing may be key for Madison, WI home buyers with less than 20% to put down. There are many advantages to FHA financing like a down payment as low as 3.5%. There are some limitations but most can be worked with fairly easily. Here’s a selection of some homes that may well be within reach with FHA financing in Madison. Check it out…