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To examine if our conjecture can help this segment of the market to access the prime real estate market, we simulate the income flow for individuals with three income profiles low, median and high income, and then investigate which of two lending options, the conventional mortgage conventional mortgage a mortgage that falls within fannie mae guidelines, and covers loans up to predetermined amount. The balance is due on the 1st day of class. All rates are for conventional 80 percent loan to value mortgages.
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