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  • Profile photo of balajimanoharbalajimanohar
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    @balajimanohar
    Join Date: 2010
    Post Count: 2
    February 17, 2010 - 3:43 am

    Thanks Richard..

    I earn $4650 per month after tax. Will that be enough to service the loan of $320,000 out of a $450,000 house??

    Even though i am coming with a big deposit of 25%, do i still have to pay a high interest of 9% i.e. nearly 3% higher than the normal home loan rate??

    One more question…If I wait for nearly 8 or 10 months after finishing the part 9 before i apply for home loan, will there be any difference in the interests charges??

    Thanks in advance…

    Regards,
    Balu.

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