Buying a Home Without Having 20% is Possible
Posted On: December 9, 2024 by Prevail Bank in: Home Loans
(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...
Mortgage Closing Cost: What Can You Expect
Posted On: September 10, 2024 by Prevail Bank in: Home Loans
You found the perfect house, saved for a down payment, and applied for a mortgage. But what types of expenses (mortgage closing costs) can you expect?
To help you prepare, Jenny Ebert, NMLS# 523594, Mortgage Loan Originator in Eau Claire Wisconsin provides a list of the possible expenses (closing costs) you might incur when purchasing a home. Some closing costs are typically paid by the seller, some can be shared or negotiated as part of your offer, and other closing...
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