One Realty Group

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.

Developers Realty LLC is a full-service real estate firm specializing in the brokerage and leasing of commercial properties throughout the southeast. With a team of dedicated professionals, they offer the highest level of service and possess extensive knowledge of the local and regional real estate market. Committed to meeting every client's needs, Developers Realty aims to develop long-term relationships that are mutually beneficial. Their strong work ethic, flexibility, and responsiveness ensure the delivery of high-quality services to their clients.Generated from the website

D.R. Horton, established in 1978, is a renowned homebuilder known for delivering top-quality new homes to homebuyers nationwide. The company has built a strong reputation for excellence, consistently upholding their commitment to providing high-quality homes to their customers. Generated from their website's infomation