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First-time buyer and Conventional mortgage rates

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Anonymous
Not applicable

Re: First-time buyer and Conventional mortgage rates


@ArmyWifeMBA wrote:

At 3.75%, with 10% are you paying PMI too?  NFCU has a slightly higher interest rate.  It is my understanding PMI is included in that rate.  I am sure the payments come out to be about the same.


NFCU does not use PMI. 

Message 11 of 13
ArmyWifeMBA
Valued Member

Re: First-time buyer and Conventional mortgage rates

 No PMI per say.  You get a higher interest rate because of no PMI.

Message 12 of 13
Anonymous
Not applicable

Re: First-time buyer and Conventional mortgage rates

Yes we are paying PMI of $100 a month. Sorry should have clarified in my original post. our LTV is 89% on 30 year conventional. 

Message 13 of 13
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