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Posted on Jul 26, 2023 in Stated Income Loans

Question by Jeremy M: How do FHA mortgages work and what are the minimum qualifications?

Best answer:

Answer by Yo
FHAs are not credit driven and they mostly focus on income. You can only get a house for a certain price depending on the region where you are.

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Yellow Apartment Building, this site Valparaiso

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Growing Free Money on Flowers
stated income loan
Image by epSos.de
Cool picture about free money that is growing on yellow flowers. This picture was made for my green friend epsos.de and is free to use for everybody.

The accounts of the money in this picture are from Europe and there are called Euros. The Euro is the second money of the biggest reservation as well as the second money most changed into the world after the dollar of the United States. The name the Euro officially was adopted on December 16, symptoms 1995.

The euro manages and administered by Central Europaean Bank (ECB) of Frankfurt and the Eurosystem (formed of the central banks of the countries of the euroarea). As an independent central bank, ed the ECB has the only authority to put the monetary policy. The Eurosystem takes part in the printing, to mint and the distribution of notes and coins in all the Member states and the operation of the systems of the payment of the euroarea.

The capital inside the European Union can be transferred in any quantity of a country to other. All the transferences of the European intraUnión in the euro talk each other like domestic deals and take the domestic transference expenses corresponding.

A monetary sign of the special euro (€) was designed after a public review had limited ten original offers to two. The European Commission of that time chose the design created by the Belgian Alain Billiet.

In whole, more than 150 million persons in Africa use a money fixed for the euro, 25 million persons out of the euroarea in Europe and more 500,000 persons to Pacific islands.

The most obvious advantage of adopting a common currency must remove the cost of changing the money, theoretically allowing to business and individuals to complete commerce earlier slightly profitable.

The absence of different currencies also removes risks of the exchange rate. The risk of the movement of the unexpected exchange rate has always added an additional risk or suspense for companies or individuals who invest or trade out of their own monetary areas.

The introduction of the euro has led to the extensive discussion on his possible effect in the inflation. In the short term, there was an impression extended in the population of the euroarea that the introduction of the euro had taken to a prices increase, but this impression wasn’t confirmed by general indexes of the inflation and other studies.

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