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interest rates, mortgage qualification, Florida

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Interest Rate Fluctuations Affect Florida Mortgage Qualification

October 17, 2014 //  by Sonny Solomon

When you are pre-approved for a home loan, it is based on a certain monthly payment. The interest rate is assumed (in addition to other amounts such as taxes and insurance). Interest rate fluctuations affect Florida mortgage qualification since it impacts the principal and interest part of the monthly payment. It is important for home buyers to understand this because a fluctuation in interest …

Category: Mortgage InfoTag: interest rates, mortgage qualification, Florida

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