Coldwell Banker Residential Brokerage - Andover
Margus Deery, Coldwell Banker Residential Brokerage - AndoverPhone: (978) 337-0769
Email: [email protected]

Tag: Down Payment

Posted on 07/11/2021
Home Financing: PMI and Down Payments
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 down payment. Lenders charge PMI to...
+ 1 more
Read More