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Avoiding PMI
Most mortgage lenders charge Private Mortgage Insurance
(PMI) on loans with less than 20% down (80% Loan to Value). This insures
the lender is able to cover some of their costs in the case of a foreclosure.
We can help you structure a loan without PMI with as little as 5% down
and you could get an additional tax benefit.
By taking out a second lien mortgage, with an 80% first
mortgage you can avoid paying PMI and also have the benefit of building
equity faster in your home. There are several variations available which
could be a savings to you!
Call us today to discuss your particular needs.
NORTEX Mortgage
4701 W. Park Blvd., Suite 210
Dallas, TX 75093
Office: (972) 867-LOAN
Fax: (972) 769-1823
Mobile/VM: (972) 989-1277
E-Mail:
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