Tag: homebuying
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Low down payment loans aren’t always risky
The 20 percent down payment rule is older than most homebuyers think. For the right buyer in the right market, low-down loans can be a smart financial move.
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Adjustable rates aren’t as risky as people think
ARMs got blamed for the 2008 crisis, but modern adjustable-rate mortgages have built-in protections that make them rational for many borrowers.
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The 20% Down Payment Rule Is Overrated
The 20% down payment rule sounds prudent, but waiting years to hit it often costs more than PMI ever would. Here’s when smaller down payments win.
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Mortgage life insurance is a scam targeting first-time buyers
Mortgage life insurance is sold aggressively to new homebuyers but offers worse value than comparable term life policies. Most buyers should refuse it.