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by ChuckMcM
4474 days ago
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This is exactly correct, loan to value differences change both your APR and whether or not you need private mortgage insurance (PMI). If your loan to value allows the bank to give you their best rate and waive PMI (which they do because they believe if you default they can sell your property at a profit) then you will save a tremendous amount of cash over the lifetime of the loan. |
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