MIRS had provided information on a monthly basis on interest rates, loan terms, and house prices by property type (all, new, previously occupied); by loan type (fixed- or adjustable-rate), and by lender type (savings associations, mortgage companies, commercial banks and savings banks); as well as information on 15-year and 30-year, fixed-rate.
Similar to FHA loans, they are offered to low-to-moderate income borrowers. Another perk: mortgage lenders offer low interest rates for these loans. Your credit score needs to be a bit higher than.
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