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Still, the lower entry barrier comes at a price – borrower-paid mortgage insurance premiums. Keep reading for a deeper look into what these.
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In the world of home mortgages, PMI – private mortgage insurance – has a. 5 ways to avoid PMI with a small down payment. Group, a mortgage company licensed in Connecticut, Florida, New Jersey, and New York.
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At first, buyers want to avoid it if at all possible.. The basic purpose of PMI for lenders is that it protects the mortgage company from a large loss.