80/20 Mortgage Loans To Save On Mortgage Insurance Posted By : Devora Witts

Friday, November 14th, 2008 @ 4:52 pm | Mortgage

80/20 Mortgage Loans To Save On Mortgage Insurance Posted By : Devora Witts
You are probably well aware that unless you provide a down payment for your mortgage loan of at least 20% of the propertys value, you will have to pay each month PRI which stands for Private Mortgage Insurance. This means that anything above 80% of financing will cost you significantly more. However, with 80/20 mortgage loans you can save on mortgage insurance.

 

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