Posts Tagged ‘down payment’

Why A Down Payment Is So Important

How Much Should You Put Down On A Home Purchase There was a time when mortgage lenders relaxed home buying rules and authorized home loans even when buyers had a minimum amount of money to put down. That plan backfired and many homes went into foreclosure. Downpayment rules have recently become more stringent than they Read More »... Read more ›

  • box home loans,
  • box loans,
  • box mortgage,
  • down payment,
  • downpayment,
  • federal housing authority,
  • fha

Why Private Mortgage Insurance Exists

Why does private mortgage insurance exist? If you don’t have a lot of money to put down on a mortgage, you will probably be required by your Lender to pay for private mortgage insurance.  Many Lenders would otherwise be unwilling to take on the risk of a loan with a down payment lower than 20% Read More »... Read more ›

  • box,
  • box home loans,
  • box loans,
  • down payment,
  • home loan,
  • how much should i put down on my home,
  • mortgage,
  • mortgage company,
  • mortgage insurance,
  • mortgage rates,
  • private mortgage insurance,
  • utah mortgage company

Private Mortgage Insurance

Private Mortgage Insurance Private Mortgage Insurance is designed to protect the Mortgage Lender in case the borrower defaults on the loan. It provides protection in the event of a foreclosure of the property in which the Lender had financed more than 80% of the home’s value. In the event the borrower has defaulted on the Read More »... Read more ›

  • box,
  • box home loans,
  • box loans,
  • down payment,
  • first time home buyer,
  • home loan downpayment,
  • how much should i put towards a down payment,
  • mortgage,
  • mortgage insurance,
  • mortgage tips,
  • pmi,
  • private mortgage insurance