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June 22, 2006
Is 20% Down Still The Standard?
From a Q&A on down payments, a bit about mortgage insurance.
If you me a predictable monthly income and feel reasonably certain that your job is secure, you may want to consider putting down as much as 20%. It will certainly bring you smaller monthly payments, instant equity, an investment in that neighborhood’s growth, and you’ll avoid paying mortgage insurance (PMI).
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Posted on June 22, 2006 09:43 AM by mortga184.
Filed in Mortgage Calculator under mortgage insurance.
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