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Originally Posted by RustShack
How do you go about getting the 5K first time grant?
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FHLB Topeka. Look there for info. I tried to post a link but I'm new and CP won't let me.
Applies to folks in Kansas, Colorado, Nebraska, Oklahoma. You need to live there at least 5 years for full benefit which you should any way if you're buying a house. If you move after 3 years you'd lose 2K of the grant. You must make under a certain amount, etc.
Quote:
Originally Posted by Hog's Gone Fishin
That's awesome! Get an amortization that you can look at and put in additional principal payments and get that sucker paid off in 10 years and save 100K
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That's one way to look at it but you also have to look at the opportunity cost (Can I make more than 2.50% in the stock market instead of paying extra on the mortgage?)
Quote:
Originally Posted by Rain Man
Nice work. You have achieved a key element of the American Dream.
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Thank you sir. Hoping to close on it this month.