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Tag: lender paid pmi

Lender Paid PMI Helps Lower Monthly Mortgage Payment

Lender Paid PMI or LPMI is a great way to potentially lower a home loan monthly payment. Let’s face it, everyone wants as low of a mortgage payment as possible!  No one says give me the biggest payment you can, right?  Well, one solution for receiving a lower mortgage payment is to use a product / […]
What is PMI Insurance and How Does it Affect a Mortgage Payment

Many buyers, especially first time buyers, do not have 20% down payment.  Luckily there are a lot of mortgage loans offered with less than 20% down required.  Besides VA, USDA, and FHA, there are conventional loans.  For these Fannie Mae and Freddie Mac loans, private mortgage insurance (PMI) is required with less than 20% down.  Most […]

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Russell Smith | Branch Manager, NMLS ID# 78989 | Licensed in NC, SC, VA

ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) | 308 Market St SE, Roanoke, VA 24011

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