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Home Lending

How to Afford a Down Payment without having 20%

How to Afford a Down Payment without having 20%

Posted On: September 18, 2020 by Prevail Bank in: Home Loans

How to Afford a Down Payment without having 20% Private Mortgage Insurance can Help What is Private Mortgage Insurance?

While putting 20% down on a home loan is the most cost-efficient option long-term, we understand that down payments can be difficult for many families to make. To assist home buyers who are unable to put at least 20% down on a home loan, Prevail Bank offers what is called Private Mortgage Insurance, or PMI for short.* PMI was established to help more homebuyers afford...

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Tags: Down Payments, Home Lending, Mortgage Lending, Private Mortgage Insurance

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