State gets "short end" of alternate housing funds, says Landrieu (WWL-TV New Orleans)
BATON ROUGE -- Louisiana will receive $75 million in new federal money to pay for modular quick-assemble homes, known as "Katrina cottages," to replace the cramped FEMA trailers where many residents have lived since Hurricane Katrina, U.S. Sen. Mary Landrieu said Thursday.
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There are many variables in determining an interest rate. Your credit history plays a big role. The amount of your down payment will also affect your interest rate. A large down payment typically means a lower rate. If you put down 10% or more you can typically secure an interest rate between 6% to 7.50% with a 30-year mortgage.
and the buyer simply needs to obtain an end loan.
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