2 May 2012

Today’s paradox:  smaller downpayment might bring you better mortgage rate  

Although it sounds strange, today a smaller mortgage down payment may
help you get a lower interest rate. The reason is the government subsidy
called mortgage default insurance, as it makes it less risky for the
banks to provide mortgages for borrowers with only 5% down payment than
for those who can afford 20%…
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