Showing posts with label Financial Tips. Show all posts
Showing posts with label Financial Tips. Show all posts
Tuesday, April 15, 2008
Financial Tips: Home Downpayment
Put at least 20% down on a home. Making a down payment of less than 20% will usually result in a private mortgage insurance (PMI) fee being added. This is usually 0.5%, meaning it could cost you about $1,000 a year on a $200,000 principal.
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