Tag: borrower

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What are Mortgage Brokers and How They Help with a Home Purchase in Phoenix

With borrowers concerned about the hazards associated with home loans, it’s critical to understand what mortgage brokers perform, why you might need one, and how to choose a reputable mortgage broker among the numerous options available. What are Mortgage Brokers? A mortgage broker is a person or corporation who can help a borrower and a…
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What is PMI and Do New Homeowners in the Denver Area Need It?

If you have a conventional loan, you may be required to pay PMI, which is also known as Private Mortgage Insurance. The lender arranges for private insurance companies to provide PMI, which is paid for by the borrower. When you have a traditional loan and a down payment of less than 20% of the home’s…
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