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More twentysomethings are taking advantage of low mortgage rates by fishing for housing bargains than ever before. According to RealtorMag.com, first-time home shoppers are forgoing the traditional "starter house" by investing in a much larger space for a longer term.
More specifically, young adults who earn a solid income are buying their dream homes now instead of working there way towards it. Spokesman for the National Association of REALTORS, Walter Maloney, states that buyers in are now anticipating staying in their house for 15 years instead of 10 years in 2010. If you can lock in on a low mortgage rates now, then why not make the investment sooner rather than later?

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Jim DeRentis
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  • Providence Office 140 Wickenden Street Providence RI 02903
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401.529.2188
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