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Derrick and Sheree found a house they want to purchase, but they will need some creative financing to make it work. They lined up a
Derrick and Sheree found a house they want to purchase, but they will need some creative financing to make it work. They lined up a 30-year fixed rate loan and need to put down 10%. They dont have enough funds, so they are asking family to loan them some money. Predict some possible outcomes for Derrick and Sheree. Explain your predictions. What other options do they have? What advice would you give to Derrick and Sherree?
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