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So you might pay a slightly higher rate, but because the mortgage insurance isn\u2019t there, your payment could be reduced by a couple of hundred dollars. <\/p>
Even if you opt to pay the private mortgage insurance included in your mortgagee payments, you have to pay it until the loan to value ratio is paid down to 80%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n
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The mortgage insurance for a 3% Down Conventional Loan Program is risk-based which depends on your credit score.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t