Buying a Home Without Having 20% is Possible
Posted On: December 9, 2024 by Prevail Bank in: Home Loans
Private Mortgage Insurance Can Help
What is Private Mortgage Insurance?
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(Updated Dec 2024) While putting 20% down on a home loan is the most cost-efficient option long-term, we understand that down payments can be difficult for many borrowers to make. To assist home buyers who are unable to put at least 20% down on a home loan, Prevail Bank offers what is called Private Mortgage Insurance, or PMI for short. PMI does come with monthly premiums that are often included in the monthly mortgage...
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