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» Fannie’s New Twist to 30-Year Fixed Rate Mortgages Means Savings to Homebuyers in High-Cost Areas
Fannie’s New Twist to 30-Year Fixed Rate Mortgages Means Savings to Homebuyers in High-Cost Areas
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Borrowers in high-cost housing areas or those with plans to relocate may now take advantage of a new loan product from Fannie Mae, which would allow them to make lower monthly mortgage payments for the first 15 years of the loan.