If you've already got one set up, you're good to go.
More Quotes from Keith Gumbinger:
They're trying to make home prices more expensive, so some of this speculative activity will decrease, and incomes will have a chance to catch up.Keith Gumbinger
Fannie Mae and Freddie Mac will even lend 103 percent of the homes value, ... You need to have very good credit to qualify for this kind of loan.
Keith Gumbinger
Leveraging yourself out at a time when (home) prices are very high certainly could set you up for difficult times.
Keith Gumbinger
For most home buyers, especially first-time buyers, taking a 15-year (or 20-year) mortgage is out of the question.
Keith Gumbinger
With rates as low as they are people can cut years off the mortgage for the same monthly payment.
Keith Gumbinger
This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house.
Keith Gumbinger
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