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is that a fixed rate or variable?
with nothing down your monthly payments will be pretty high, I might consider doing it with a revenue producing property but probably not with a private residence. I'd rather pay 10 or 20 percent up front and lower the payments.
Of course, if you're renting now you're just throwing money out the window basically, so you would also want to weigh your mortgage payments against your rent and if they're close, you might go for it.
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