Hefty Premiums for 30-year Insured Amortizations May Be Worth It
Starting August 1, first-time buyers eyeing new construction get a new trick to trim their payments: 30-year insured amortizations.
But this magic has a price. Bumping the standard 25-year amortization up to 30 years jacks up the default insurance premium by 75 bps—assuming a high-ratio mortgage.
On a 5%
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