Ask Paula: Should You Buy Real Estate in Today’s Economy?
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How to Qualify for a Mortgage
According to Zillow, median home price in Jacksonville is 314,000. An FHA loan requires a minimum 3.5% down payment. If you earn an income of $77,000, I've got to believe that certainly within 18 months, within a year and a half, you should be able to save $11,000. Now there's a separate issue of would you qualify for the mortgage?
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