AmeriMac

MARCH 1, 2024

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. PMI adds to your monthly payment and delays homeownership. However, PMI is a cost borne by the borrower, not the lender.

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Appraisal Insurance Appraisal Process Mortgage 36

Will Springer Realtor

SEPTEMBER 13, 2022

PMI is a safety net for lenders when a borrower defaults on a loan. PMI allows prospective buyers who cannot, or choose not to, make a significant down payment to obtain mortgage financing at an affordable rate. The cost of PMI can vary based on the borrower’s personal finances and credit score.

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Quicken Loans

JULY 14, 2021

If you’re feeling overwhelmed by debt, you’re not alone. Many Americans are dealing with major credit card debt on top of mortgages, student loans, car loans and medical bills. With some of the highest interest rates of any debt, credit card debt is one of the worst to carry. Can You Refinance To Pay Off Debt? Mortgage Refinance Options.

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