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URL:  http://boards.fool.com/fha-because-my-credit-score-is-600-which-is-not-19460262.aspx

Subject:  Re: Here's my financial plan... advice? Date:  8/15/2003  2:45 AM
Author:  dsemmler Number:  36947 of 88533

FHA because my credit score is 600 which is not good, I know. It was due to me not understanding credit and making all kinds of mistakes when I was younger. FHA is our only option, also this requires less down...

I am not sure what the criteria is like for a mortgage but that may qualify you for a conventional loan. The rate may be slightly higher than if your credit score was better but it might still be possible.

And if you were able to qualify, you could manage 100% financing with a first and a second mortgage. However, be sure to run the numbers either way to make sure you are getting the best deal for your circumstances.

dt
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