As a lender, you will say it a lot: Homeowners are required to purchase homeowners insurance to protect themselves and the lender from losses should the home be damaged. But did you know it can affect a client’s mortgage and other aspects of their homeownership?
You have found the right mortgage for your needs and the home of your dreams. However, you cannot afford the 20% down payment. What do you do? Can you still get the home? In some cases, yes. Why Pay PMI & How Do I Pay It? If your down payment is less than 20% of […]