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Satisfaction, Cancellation or Release of Mortgage Package Iowa Form

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Satisfaction, Cancellation or Release of Mortgage Package Iowa Form

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don't buy a brand new house for six hundred thousand dollars instead do this hey Dad check out this fixer-upper house I just bought for three hundred thousand dollars wow nice work son I never thought you'd be able to buy a house in this crazy housing market but it's gonna take a lot of rehabbing how are you gonna afford all that what do you mean well you probably had to put down twenty percent or sixty thousand dollars is your down payment right twenty percent no dad I only had to put down 3.5 percent oh that's a tiny down payment but you still haven't answered my question how are you gonna afford the Rehab on this place yes I did something that most people don't know about I got an FHA 203k loan type of loan allowed me to bundle in the rehab cost into my loan what I've never even heard of that type of loan yes sir so the purchase price was 265 000 but the total loan amount was three hundred thousand dollars that extra thirty fiv

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