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News For Tag "private mortgage insurance"

  • How Much Should You Put Down on a House?

    posted on Monday, July 11, 2022

    You do not have to put 20 percent down on a house. In fact, the average down payment for first-time homebuyers is just 6 percent.

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  • What Are My Options for a Residential Rental Property Mortgage Loan?

    posted on Tuesday, July 5, 2022

    First National Bank offers a variety of investment property loans for qualifying residential rental properties, including one- to four-unit residential properties and vacation properties.

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  • What is Private Mortgage Insurance?

    posted on Monday, June 13, 2022

    Private mortgage insurance, PMI, is a type of mortgage insurance that is required when you obtain a conventional loan and make a down payment of less than 20 percent of the home's purchase price. If you're refinancing with a conventional loan and your equity is less than 20 percent of the value of your home, PMI is also required.

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