Do you need a down payment to refinance a mortgage?
Refinancing your mortgage is a significant financial decision, and understanding the costs involved is crucial. One of the most frequently asked questions is whether a down payment is required. The short answer is no, a down payment is typically not needed when refinancing. However, you will al
How to Avoid PMI When Buying a Home
Private Mortgage Insurance (PMI) is a type of insurance that protects your lender in the event you stop making payments on your mortgage. It’s not designed to protect you, the homeowner. Lenders typically require PMI on conventional loans when your down payment is less than 20% of the home’s pur
Is a Large Down Payment Always Best? Exploring the Pros andCons
The house of your dreams is within reach, but a crucial question looms: how much should you put down? Do you need to aim for a substantial 20% or more, or is 10% – or even less – a more viable option for you? In this article, we will dissect the pros and cons of […] The post Is a Large Down Pa
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