Tag: mortgage info
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Quick Facts on PMI
Read more: Quick Facts on PMIWhat is PMI? PMI stands for private mortgage insurance. It’s an insurance policy that protects a mortgage lender against loss if a borrower defaults on a loan. Who is asked to pay PMI? It varies, but lenders typically require PMI on conventional loans with a less than 20% down payment. How much does PMI cost?…
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Buying a House After Bankruptcy, Foreclosure or Short Sale
Read more: Buying a House After Bankruptcy, Foreclosure or Short SaleIf you’ve been through a short sale, foreclosure or bankruptcy, you’re not alone. Millions of Americans have been in your shoes, and many have moved on to become homeowners again. You can, too. Buying a home may be a little more challenging this time, but it can still be a part of your family’s future.…