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Buying a Home … The Down Payment

The biggest upfront cost in purchasing a home is the down payment. Traditional lenders typically expect borrowers to put at least 20% of a loans total amount down. If a borrower is unable to do that, they are required to purchase Private Mortgage Insurance (PMI),...

Deed-in-Lieu

There are many questions surrounding the deed-in-lieu of foreclosure, so here are some answers. A deed-in-lieu of means that the borrower conveys all interest to the lender in order to satisfy the loan that’s in default and avoid foreclosure. This process is...
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