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Lawrence Mortgage Loans
There are various Lawrence mortgage loans that will help you own the home of your dreams or cater to your other mortgage requirements. The importance of identifying the right mortgage from the right lender cannot be overemphasized. There are Lawrence mortgage loans to suit every budget and need. But care should be taken to see that the terms and effects of your choice are fully understood and analyzed. This is especially true in the case of interest only mortgage payments and option payment adjustable rate mortgages, that are chosen to make monthly mortgage payments more affordable. In these options there is the possibility of a sharp increase in payments after the initial period and, in the case of the latter, negative amortization.
The following table features housing preferences and mortgage trends in Lawrence .
Lawrence Mortgage Statistics |
| Mortgage-Free Homes |
13% |
| Mortgaged Homes |
87% |
| With First Mortgage Alone |
63% |
| Second Mortgage or Home Equity Loan |
24% |
| Home Equity Alone |
11% |
| Second Mortgage Alone |
13% |
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| Lawrence Housing Expenses |
| Owner expenses as % of Income |
19.6% |
| Median Real Estate Taxes |
$1,479 |
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| Lawrence Housing Stocks |
| Median Year Constructed |
1982 |
| Year Constructed - Owner Occupied |
1988 |
| Year Constructed - Renter Occupied |
1972 |
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| Lawrence Housing Market Data |
| Median Household Income |
$58,106 |
| Total Housing Units |
5,048 |
| Average Home Price |
$150,449 |
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