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Concerned-23 t1_iyd1u86 wrote

Reply to comment by Eldengames in Trying to Buy First House But Feel Like My Loan Just Isn't Right by Eldengames

Well the federal loan forgiveness is on pause so don’t bank on that. Also, have you found a home for 100k?

With a loan amortization schedule on a 30 year mortgage my guess is your got an 8-9% rate.

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Eldengames OP t1_iyd33g7 wrote

I'm definitely not banking on that haha! I actually just paid off my private loans recently so my federal ones don't scare me too much any other time they just look scary on my credit reports.

My wife and I are just starting but in our area they won't show you a house until you have a prequalified rate. I was wondering though if I get a house that I want to put an offer on am I still able to shop around with other lenders or am I stuck with this one until it runs out?

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