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Rural Development Loans

Rural Development

If you’re looking to buy a home in a suburban or rural area and have little or no down payment, consider a  USDA Rural Development Loan. This can be a great option if you’re a first time home buyer or want to further away from a large, urban area.  However, this doesn’t mean your new…Read More

How to Avoid Paying PMI (Private Mortgage Insurance)

avoid PMI

PMI, or private mortgage insurance, is required when purchasing a home when a buyer’s down payment is less than 20%.  Pacor Mortgage Corp. shares five ways to avoid paying PMI below: 20% Down Payment The first option is to pay 20% or more for a down payment on the house. With 20% equity, PMI does…Read More