ALTERNATIVE TO THE 20 PRECENT DOWN PAYMENT

Dated: 07/12/2018

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Many of the money conscious clients I've come in contact with recently have relayed their intent to put 20% down to avoid paying PMI  (private mortgage insurance).  A great alternative to a 20% down payment is the option of prepaying the mortgage insurance premium at closing.  Prepayment of PMI is normally less than 5% of the sales price, it is an eligible tax deduction and most importantly you can reach your home purchase goal a lot sooner.

Feel free to give me a call to discuss this alternative in detail.  

Don't have funds for a down payment?  Call me to discuss alternatives for you too.


Kira Person

United Real Estate

803 607 2400 (cell)

KPShowings@gmail.com 

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