Category Home Loans Grand Prairie

lowest home refinance rates

Lowest Home Refinance Rates – If you are looking for a loan to buy new home or for refinance option to reduce monthly payment of present loan then visit refinance mortgage services from our review.

If many people are looking to purchase a home or refinance, rates tend to go up because of the increased demand. If interest rates are high and fewer people want to refinance or buy a home, demand is low and the rates will fall. Demand for Credit – Pension funds and other institutional investors have a strong demand for low-risk credit. Banks.

2019 VA Loan Limits  | Low VA Rates Mortgage interest rates are historically low, and the conditions are ideal for U.S. borrowers to refinance a home loan. Often, homeowners refinance to get a better interest rate, to access cash, to lock in a low fixed rate or to shorten their loan term.

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Simplicity announce the country’s lowest cost home loans, at a floating rate of 2.95%. Head of Comms and Education Amanda.

To compare home loans, Louise enters her preferences at RateCity and finds there are a dozen loans through a home loan comparison with no ongoing fees, but many features. Even better, many of those home loans have interest rates lower than 4%, when at the moment she has a 4.5% interest rate. By switching, she stands to save more than $1600 a year.

“Refinancing activity dropped as a result. appraisals were not required on all home sales of $250,000 and below, but last.

with the 30-year fixed rate decreasing nine basis points to 3.9% – the lowest level in a month," said Joel Kan, Associate.

Bank of Oak Ridge mortgage rates are very low right now and beat most online mortgage rates today. 30 year mortgage rates at Bank of Oak Ridge are at 4.375 percent with 0.25 points and $853 in fees. 15 year mortgage rates from Bank of Oak Ridge are currently at 3.75 percent with no mortgage points and $853 in fees.

bank of america fha rates  · Bank of America offers a variety of high-value credit cards, offering everything from cash back rewards to low APRs. Below are our top picks for the best Bank of america credit cards of 2019.

October 7, 2019, according to Bankrate’s latest survey of the nation’s largest refinance lenders, the benchmark 30-year fixed refinance rate is 3.70 percent with an APR of 3.82 percent.

May finance 100 percent of the loan amount at a fixed or adjustable rate. May finance up to $484,350. No monthly mortgage.

Today’s low refinance rates . ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

fha income calculation guidelines Once the lender has determined the percentage of commission income, FHA loan rules state, "The Mortgagee must calculate effective income for commission by using the lesser of (a) the average net commission income earned over the previous two years, or the length of time commission income has been earned if less than two years; or (b) the average net Commission Income earned over the previous one year.

new house tax credit

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If you currently receive the basic star exemption and your income is between $250,000 and $500,000, the program is changing for you. If eligible, you will now receive a check for the STAR credit instead of the reduction on your school tax bill.

mortgage options for low credit score lowest interest rate home equity loan bank of America offers only home equity lines of credit (HELOCs) – no home equity loans. However, customers can fix at any time the interest rate on some or all of the outstanding balance.Then, that low score can make debts harder to pay – particularly for those with credit card debt or subprime mortgages or car loans – and. worth checking out Experian’s free "Experian Boost" option.

U.S. tax laws can subsidize charitable. Vern Buchanan, a Florida Republican, and Tom Suozzi, a New York Democrat,

Lawmakers "see it as a way to establish equity among banks and credit unions, as opposed to simply requiring [the Defense.

Form: Homestead Tax Credit Application (54-028) Notice of Transfer or Change in Use of Property Claimed for Homestead Tax Credit – iowa code section 425.2. Description: Property owner must certify to the assessor that they no longer own the property or have ceased to use the property as a homestead claimed for a homestead tax credit.

President Donald Trump speaks about tax savings in the Rose Garden of the White House in April 2018. parts of the economic.

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If all members of your household are under 65, the credit can be as much as $75. If at least one member of your household is 65 or older, the credit can be as much as $375. If your credit is more than the taxes you owe, you can claim a refund. For additional information, see instructions.

The GST/HST new housing rebate allows an individual to recover some of the goods and services tax (GST) or the federal part of the harmonized sales tax (HST) paid for a new or substantially renovated house that is for use as the individual’s, or their relation’s, primary place of residence, when all of the other conditions are met.

The property tax credit program began in 2016, and will be fully phased in in 2019. See Property tax relief credit amounts for additional information. New York City residents. New York City is not subject to the tax cap and therefore, city residents aren’t eligible for this credit.

Owning a home offers lots of tax breaks. Here are homeowner expenses you can deduct on Schedule A — and some you can’t. And more tips to get the most tax advantages out of your new property.

2nd mortgage loan rate

The RBA can then use that cash to purchase financial securities (like home mortgage or shares) and long-term, fixed-rate.

us bank mortgage closing costs This type of mortgage allows Wells Fargo to charge higher interest rates in exchange for paying a borrower’s closing costs. the bank has been accused of such practices. wells fargo had already.

However, 2nd mortgage rates will be higher than current mortgage rates. This is because the primary lien holder (first loan mortgage company) gets repaid first in the event of a defaulted loan. A second mortgage with bad credit is difficult to qualify for. Advantages of.

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Getting a second mortgage through LoanDepot does not affect the rate your received on your first mortgage. It is a separate loan, but the loan is a fixed rate loan, and the monthly payments are quite affordable You can apply online or over the phone.

View today’s mortgage rates for fixed and adjustable-rate loans. Get a custom rate based on your purchase price, down payment amount and ZIP code and explore your home loan.

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A second mortgage is an additional loan taken out on a property that is already mortgaged. For the lender, this is more risky than the first mortgage, because they are in second position on your property’s title.

mortgage rates apr vs rate The Lowest Rate. Adjustable rate mortgages (ARMs) offer our lowest rates. ARMs are a great option if you expect to sell your house or refinance before the initial fixed-rate period ends. A popular ARM is the 5-year ARM, which is a 30-year mortgage with an initial fixed-rate period of five years.

In most circumstances, a second mortgage and home equity loan are. The interest rate is higher because the lender's claim to the property is.

How to Get a Second Mortgage  · In general, a higher-priced mortgage loan is one with an annual percentage rate, or APR, higher than a benchmark rate called the Average Prime Offer Rate. The Average Prime Offer Rate (APOR) is an annual percentage rate that is based on average interest rates, fees, and other terms on mortgages offered to highly qualified borrowers.

Second Mortgage Loan Rates – If you are looking for an online mortgage refinance service, then we can help you. Find out how low your payments can go.

2nd Mortgage Loan Rate – If you are looking for an online mortgage refinance service, then we can help you. Find out how low your payments can go.

 · The second loan is often called a second mortgage, home equity line of credit (HELOC), or home equity loan. The borrower makes a down payment for the remaining 10% out of their own funds. There are other types of piggyback mortgages besides 80/10/10s, such.

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The VA home loan is the best mortgage available in today's market.. addresses for the past 2 years; Dates of birth and years of school completed; Social. If you are applying for a VA streamline refinance, your required documentation will be.

Each nominee submitted a detailed online application. Teacher of the Year will become Delaware’s nominee in the national.

Click here for our Mortgage Application. The following information is requested by the federal government for certain types of loans related to a dwelling in order to monitor the lender’s compliance with equal housing credit opportunity, fair housing, and home mortgage disclosure laws.

Licensed Mortgage Loan Originator. Be at least 18 years of age at the time of application. Create your. The Utah 15-hour education must be completed.

Loan Application & Interviewing; Secondary Mortgage Market; Lending to. The faculty for the 2019 Mortgage Lending School represents a wealth of lending. Kemp has more than 30 years' experience and management.

Uniform Residential Loan application freddie mac form 65 7/05 (rev.6/09) Page 1 of 5 fannie mae form 1003 7/05 (rev.6/09) This application is designed to be completed by the applicant(s) with the Lender’s assistance.

Recent headlines have blared that a loan. applications approved for relief under the public service loan forgiveness (pslf) program, there are a number of reasons why that isn’t nearly as shocking.

The 100-year designation dates to the. the 1959 valedictorian at Lucy Craft Laney High School and was one of the first.

How I Paid My Mortgage Off In Under 6 Years (YOU CAN TOO!) Home-buyers may be searching for a home in a specific school district and might want to. tax returns for most recent two years; Paycheck stubs for most recent two periods. The mortgage application and approval process.

home equity rates calculator Loan Amount Calculator – Home Improvement Loan Calculator – About this calculator. Discover Home Equity Loans offers loan amounts between $35,000-$150,000. Your maximum loan amount is based on 80-95% of your estimated home value (depending on your circumstances) minus your mortgage balance. This is not an offer to extend credit or lock in a specific rate or otherwise enter into an agreement.

Teachers were told their student loan debt would be cancelled after 10 years of payments, but that didn’t happen. Now they’re suing betsy devos. – Under the 2007 public service loan Forgiveness Program, high school teachers and other government. But, since the program began reviewing completed applications in 2017 (following the ten year.

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do you get a tax credit for buying a home

Mortgage-related deductions One of the primary tax benefits of buying a home is the mortgage interest deduction, which means homeowners can deduct the interest they pay on a mortgage for debt related to buying, constructing, or improving either a primary or secondary home.

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No amount of tax deductions justifies buying a house extremely outside of your budget. If you can’t hang on to the house by comfortably making the payments each month, it then becomes a not so great investment. Make sure you buy a house you can afford without undue financial stress. Deductions you claim later should only be looked at as a bonus.

Although the refundable first-time home buyer tax credit existed between 2008 and 2010, if you entered into a contract to buy a primary residence before April 30, 2010 and closed by September 30 of that year, you may still be eligible if you’ve never claimed the credit before.

That may not seem fair when compared to homeowners who get to deduct the cost of their mortgage interest and purchase points. However, not having a mortgage allows you to save a huge amount of money. If you had taken out a $150,000 mortgage at 4% for 30 years to build your home, you’d end up paying over $107,000 in interest alone.

cash out refinance good idea cash out refinance Archives – SavingAdvice.com Blog – While a cash-out refinance can seem like an attractive option, it isn’t without risk. Before you go forward, here’s a look at why it may or may not be a good idea. What a Cash Out Refinance.credit score for fha loan approval  · fha loan credit score requirements. The required minimum credit score and credit history to obtain an FHA loan with the low 3.5 percent down payment is around a 580 fico score. That said, many lenders set their own requirements higher-around 640. If your score is lower than 580 (and quite possibly, lower than 640),

Information for First-time Home Buyers – Effective August, 2017, the state realty. If you meet these qualifications, the attorney handling the purchase of your new. August 1, paid a lower rate and would therefore not be entitled to a refund.

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first home mortgage payment Your first mortgage payment is typically due at the beginning of the first full month after closing and every month thereafter, and interest accrues on your principal balance. Mortgage interest is paid after it’s accumulated, not before.

Buying a home is not a guarantee of a big refund. Your deductions for homeownership combined with your other deductions (if any) must exceed your standard deduction to change your tax due or refund. If you purchased your home late in the year, you do not even have a full year of home ownership deductions.

how much income to qualify for fha loan

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How Much House Can You Afford. tell you the maximum loan amount for which you qualify, based on responses in your application. Your mortgage application asks about your estimated down payment.

The director of your local Women’s Business Center knows what opportunities are available in your state for business owners including sources of funding, they can assist with loan package.

How much money do you have to make to qualify for an FHA loan? All of these. Short answer: The general rule for FHA loans is 43% debt-to-income ratio.

Zillow’s Home Affordability Calculator will help you determine how much house you can afford by analyzing your income, debt, and the current mortgage rates.

Most lenders require the front-end ratio to equal 28 percent or less, although Federal Housing Administration lenders may accept a front-end ratio up to 31 percent. For example, if your PITI equals.

interest rate and apr are the same thing The Fed’s Pause Continues – Rate Predictions & CD. –  · As expected, the Fed reaffirmed its “patience” policy by holding steady with the federal funds rate target. The post-meeting statement contained the same patience language that was in previous meeting statements:. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range.

The FHA insures loans offered by private lenders, and do not offer mortgage loans directly. The low credit score and down payment requirements allow more homebuyers to qualify for home loans. Borrowers are required to pay mortgage insurance (MIP) monthly, usually around 0.85 percent of the loan amount annually.

You can only use a portion of the rent you collect to qualify for a mortgage. Exact guidelines on how to include rental income for mortgage qualifying vary by lender, loan type and property type.

How Much Income Do I Need to Qualify for an FHA Home Loan? "How much income do I need in order to qualify for an FHA home loan?" That is one of the most popular questions many first time home buyers ask about getting an FHA mortgage.

When you apply for a USDA loan, your income must meet certain requirements in order to be approved. This includes having an income that does not exceed the limits for your area, as well as meeting certain debt-to-income ratios.

Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out. For example, if you pay $1500 a month for your mortgage and another $100 a month for an auto loan and $400 a month for the rest of your debts, your monthly debt payments are $2000.

can you refinance without closing costs

You need equity and money to refinance a mortgage, however, you can refinance without paying all closing costs up front. You might choose to pay your refinance closing costs with proceeds from the new loan, which involves tapping into part of your home’s equity. However, homeowners who don’t have enough equity to refinance and pay the closing costs can cover them another way — by obtaining a higher interest rate — also known as a no-closing-cost refinance.

Jump those barriers to refinancing – Without 20% equity, the best mortgage rates are out. s a way you can set aside a little bit of income each month to put away toward closing costs for your refinance or to pay down your mortgage.

The same could apply to no-closing-cost refinance rates.. For example, you may be offered a mortgage at a rate of 3.75 percent and pay closing costs. Or, you can take a no-closing-cost mortgage at. Various loan programs allow you to refinance your home without paying any upfront closing costs in exchange for a higher loan balance or interest rate.

what is the current pmi rate The current mortgage insurance premium (MIP) is 0.85%, but the FHA’s move will lower premiums by one-quarter of a percent to 0.60%. This decision is meant to make FHA loans a more popular option for home buyers. Click for a free FHA rate quote. Sizable Drop In Mortgage Insurance Premiumhome loans that don t require a downpayment  · Piggyback loans typically require a down payment. A common scenario is to make a 10 percent down payment and take a first mortgage for 80 percent of the purchase price, and a piggyback loan for the remaining 10 percent.refinance fha to conventional calculator Can I Refinance A Conventional Mortgage To An FHA Loan? – Can I Refinance A Conventional Mortgage To An FHA Loan? Can I refinance a conventional mortgage to an FHA loan? It’s a very good question to ask, especially if you are interested in moving out of an adjustable rate mortgage into a fixed-rate loan. Do you know what your FHA home loan refinance options are?

Looking to refinance your home but not sure if it’ll pay off after you factor in the refinance closing costs? You’re in the right place. With a refinance, you can save money in the long run by switching to a lower interest rate. But in the short term, you’re going to have to fork over some.

Closing costs are one. ClosingCorp. That can be a problem for buyers who jump into the homebuying process without budgeting for these costs and fees, which can total 2% to 5% of the purchase price.

It is common knowledge that you can write off mortgage interest and real estate taxes. Less commonly known is that there are a number of deductible closing costs as well, even for refinance loans. Since not every cost is eligible for a deduction, you need to do research before applying eligible closing cost deductions to your taxes.

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You need equity and money to refinance a mortgage, however, you can refinance without paying all closing costs up front. You might choose to pay your refinance closing costs with proceeds from the new loan, which involves tapping into part of your home’s equity.

refinancing home loan rates

line of equity payment calculator Home equity is the difference between your home’s current value and your mortgage loan balance. Our home equity calculator will help you determine how much equity you have in your home so that you can decide if a home equity loan or a home equity line of credit (HELOC) is right for you.

Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.

Compare mortgage rates from multiple lenders in one place. It’s fast, free, and anonymous.

NerdWallet’s comparison tool can help you find the current refinance rates for your mortgage. In the "Refine results" section, click or tap the "Refinance" button and enter a few details about.

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But it doesn’t lower your interest rate, so you won’t save money on interest – only student loan refinancing helps you lower your rate, if you qualify. How do I refinance my student loans? Many lenders offer student loan refinancing, from traditional banks, to credit unions to online lenders.

How 90% of Homeowner Are Losing Tens of Thousands of $$$ When Refinancing Their Home The average 15-year fixed refinance rate is 3.21 percent with an APR of 3.42 percent. The 5/1 adjustable-rate refinance (ARM) rate is 4.11 percent with an APR of 7.21 percent. Today’s Mortgage.

Mortgage interest rates are historically low, and the conditions are ideal for U.S. borrowers to refinance a home loan. Often, homeowners refinance to get a better interest rate, to access cash, to lock in a low fixed rate or to shorten their loan term.

Fixed-Rate Mortgage. The most popular home loan features an interest rate that doesn’t change over the life of the loan. That means the principal and interest portion of your monthly payment won’t fluctuate, which makes it easier to budget for your mortgage from month-to-month. Even if interest rates rise over time, yours will stay the same.

Rates are now about 1.25 percentage point lower than they were at this time last year. For the average borrower taking out a.

home improvement loans tax deductible Made Home Improvements Last Year? You Could Get a Tax Break – 1. Home Improvement Loans You probably already know that your property taxes are (usually) tax-deductible, but you can also deduct the interest on a home improvement loan. The interest can be fully.

Refinancing to a loan with a lower rate means you could get a lower payment as long as you don’t shorten the length of your mortgage term. Stop paying for private mortgage insurance (PMI) – If you put less than 20% down on your original home loan, chances are you’re paying for PMI.

With these home refinancing tips, however, you can better make sense of the process. Whether you’re trying to find out whether it’s the right decision for you or see what your different loan options are, these refinancing tips and resources can help straighten things out.

how to finance renovations when buying a home

A home equity loan is the classic way to finance home renovations. Take out a loan against the equity in your own house.

Residential mortgage loans typically are approved based on the appraised value and condition of the property being financed. Mortgage lenders generally require any renovations to be completed.

If you’re open to the idea of buying a fixer-upper, our renovation loans can help with that, too. They allow you to combine the purchase price of the home and the cost of repairs or upgrades into a single mortgage. That way, you don’t have to take out second loan after the purchase, likely at a much higher interest rate.

income qualifications for fha loan when should you get pre approved for a home loan Mortgage Pre-approval: How to Get Preapproved for a Home Loan – A mortgage pre-approval refers to a letter from your lender indicating that you meet the standards for a home loan within a certain price range. The lender has performed an in-depth review of your credit, income, and other financial indicators, and put them through the automated underwriting system.If you’re thinking of buying a house, it’s worth seeing if you qualify for a Federal Housing Administration loan. The FHA is an agency within the. You must provide documentation of income. By law,

The same trend has not occurred when it comes to loans used to buy a home. Purchase loan volume was only up 10% from a year.

If you sell your home, all mortgages, including a home equity loan, will need to be repaid immediately upon sale. If your loan was for a home improvement that increased your home’s value, the difference may cover the immediate loan payment. However, home renovations do not typically offer a 100% return on investment.

This government-insured loan allows you to buy a home that’s in need of major repairs and/or renovations. The repairs can be structural and/or cosmetic in nature. An important benefit is you can buy a home and complete the repairs using just this loan. This loan offers fixed rates with only a 3.5% down payment required.

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first time home buyer for bad credit You may qualify as a first-time home buyer if you haven’t owned a home in the past three years. utah housing offers loans and down payment assistance to repeat home buyers, too, including a program.

If you plan on buying a property for a more substantial sum, then you can expect interest of up to 13%, although this is only.

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cash out refinance with poor credit How to Refinance a Mortgage With Bad Credit – Lexington Law – Refinancing your mortgage with a bad credit score is completely. The largest disadvantage to a cash-out refinance is the equity loss of your.upside down mortgage refi Being upside down means the owner owes more on the house than it is worth, making it. Refinance rates retreat for Wednesday – down 14 basis points over the last week. monthly payments on a 15-year fixed refinance at that rate will cost around $711 per $100,000 borrowed. That may put more pressure on your monthly budget than. How to Refinance an Upside-Down Mortgage | Home Guides | SF Gate – Stay patient-refinancing and upside-down mortgage is a long process and lenders are working on.

You’ll have more properties to choose from, and you can get a renovation loan that combines the purchase price with the cost of improvements. Two options, FHA 203(k) and Fannie Mae HomeStyle loans,

If you’re buying a home that needs some work, here are two special types of home loans that allow you to finance the purchase and borrow the cash you need for renovations. And we’re not talking pocket.

high risk home loans

what is the loan to value ratio A high-ratio loan is a loan whereby the loan value is close to the value of the property being used as collateral. Mortgage loans that have high loan ratios have a loan value that approaches 100%.mortgage pre approval form Taking the first step toward buying your dream home? Learn what it means to get pre-approved vs. getting pre-qualified for a mortgage so you can determine the option that works best for you.

How Do Banks Decide If They'll Approve Your Loan and How Much This article highlights different ways to get a mortgage even if you have bad credit.

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High Risk mortgage loan programs for People Having Trouble Qualifying Most consumers are tired of searching for lenders that offer higher risk mortgages to borrowers who have credit or equity obstacles.

High Risk Home Equity Loans – If you are looking for an online mortgage refinance service, then we can help you. Find out how low your payments can go.

how long is a prequalification good for How Helpful Is A Mortgage Pre-Approval? – How Solid Is My Mortgage Pre-Approval? May 1, 2017. your pre-qualification isn’t meant to be a sure thing. Instead, it just gives you an idea of the amount for which you can expect to be pre-approved.. A good lender will ask you a ton of questions and request documentation to support the.

when can i cancel pmi HARP Refi May Delay PMI Cancellation – appraised value of your property -20 percent equity – at which point you can request that your lender allow you to cancel PMI, but that’s a different issue.) Also, automatic PMI cancellation is only.

Allowing them to lower their minimum requirements for a loan. No longer do you need to have a 620 credit score, people with poor credit can get approved. These "bad credit home loans" are known as a sub-prime mortgage. FHA loans allow for poor credit scores as low as 500 with 10% down and 580 score with 3.5% down.

High Risk Home Loan Lenders – If you are looking for an online mortgage refinance service, then we can help you. Find out how low your payments can go.

Uh-oh: High-risk home loans are on the rise again Home prices across the U.S. have been on a mostly upward trajectory since the bottom of the recession. The conventional wisdom is that a recovered,

Bad Credit Mortgages . The bad credit mortgage is often called a sub-prime mortgage and is offered to homebuyers with low credit ratings. Due to the low credit rating, conventional mortgages are not offered because the lender sees this as the homebuyer having a larger-than-average risk of not following through with the terms of the loan.

Guaranteed High Risk Loan at 21% APR over 7 Years for $20,000. With an interest rate of 21% (APR) this borrower ends up paying $42.040.28 interest against the $20,000 principal outstanding amount. This is why this kind of an interest rate is illegal in some states. In some countries that have fairly strict lending laws,

These are called High Risk Personal Loans because lenders take a higher risk lending to individuals with bad credit. (They are also known as bad credit personal loans, bad credit signature loans, and cash advance bad credit.)These loans will understandably come along with higher interest & fees than if you had good credit.

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