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Home buyers who think the cost of mortgage money is high today may be interested to learn that they are receiving preferential treatment from lending institutions. The cost of financing a home purchase is lower than the cost of financing almost any other type of real estate. In fact, the U.S. Government and the highest rated state and local governments are about the only borrowers who can obtain long term money at a lower rate than today’s home buyer.
There is good reason why home buyers enjoy preferential loan status. Despite the recession, they have developed a reputation for being a better credit risk than
76.9%