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Tag: Down Payment

Posted on 06/29/2020
Home Financing - PMI and Down Payments
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
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Posted on 09/01/2019
Reaching Your Down-payment Goals
You've assessed your budget, changed your habits, and made spending cuts but you still need to reach your down payment faster. Consider these significant steps to help you get there. Take on a second part-time job. If your work schedule allows you to add a second job find a part-time option that will enable you to earn one...
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