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Thread: Home Ownership

  1. h2o
    h2o is offline Senior Member
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    Home Ownership

    Is home ownership a requirement to qualify for an ARC bond?
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  2. Bond Magician
    Bond Magician is offline Senior Member
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    Home Ownership

    Quote Originally Posted by h2o
    Is home ownership a requirement to qualify for an ARC bond?
    Home ownership is not a requirement, but an applicant who does own a home definitely will help qualify him/her for a better rate.
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  3. h2o
    h2o is offline Senior Member
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    Home Ownership

    Quote Originally Posted by Bond Magician
    Home ownership is not a requirement, but an applicant who does own a home definitely will help qualify him/her for a better rate.
    I also own some properties that I rent out, should I list those on the personal financial statement, too?
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  4. Bond Magician
    Bond Magician is offline Senior Member
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    Home Ownership

    Quote Originally Posted by h2o
    I also own some properties that I rent out, should I list those on the personal financial statement, too?
    Yes - even if you own properties that you rent out, you can still list those on the personal financial statement. Any property that you personally own may help you get a better rate, so please list everything that applies to you.
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  5. h2o
    h2o is offline Senior Member
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    Home Ownership

    On the financial statement, where it asks for the mortgage amount, do I put the monthly payment or total balance?
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  6. Surety Queen
    Surety Queen is offline Surety Professional
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    ARC Bonds

    Quote Originally Posted by h2o
    On the financial statement, where it asks for the mortgage amount, do I put the monthly payment or total balance?
    Surety wants to know the balance of your mortgage - not the monthly payments.
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