Developers Realty, LLC

When purchasing a home, a 20% down payment is typically the standard. The lender's only liability is often just the remainder between the home value and the balance remaining on the loan, so the 20% adds a nice cushion against the costs of foreclosure, selling the home again, and natural value fluctuations in the event a purchaser doesn't pay. During the recent mortgage boom of the last decade, it became common to see lenders reducing down payments to 10, 5, 3 or sometimes 0 percent. A lender is able to handle the additional risk of the small down payment with Private Mortgage Insurance or PMI. PMI guards the lender in the event a borrower doesn't pay on the loan and the market price of the house is lower than what is owed on the loan. PMI can be pricey to a borrower in that the $40-$50 a month per $100,000 borrowed is rolled into the mortgage monthly payment and frequently isn't even tax deductible. Different from a piggyback loan where the lender absorbs all the deficits, PMI is money-making for the lender because they acquire the money, and they receive payment if the borrower defaults.

Hampstead LLC is a dynamic New Urbanist mixed-use community in Montgomery, offering a blend of residential, commercial, and recreational spaces. With a focus on creating a vibrant and interconnected environment, Hampstead features a range of amenities including restaurants, shops, workplaces, schools, and wellness facilities. Generated from their website's infomation

Forrest Meadows Homes & Land is a real estate company based in Montgomery, AL, specializing in residential properties and land sales. They offer a range of options for those looking to buy or sell homes and land in the area. With a focus on personalized service and local expertise, Forrest Meadows Homes & Land aims to assist clients in finding the perfect property to suit their needs. Whether you are searching for a new home or looking to invest in land, they are dedicated to helping you navigate the real estate market with ease. Generated from their business information