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Even if getting private mortgage insurance is the only way you can qualify for a mortgage, it may be smart to reconsider. To help put things into perspective, the average PMI premiums range.
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For instance, if your mortgage is for $100,000, you can receive up to $5,000 back. Meanwhile, if your mortgage is for $300,000, you can receive up to $15,000 back. Apply for a Cash Back Mortgage What are the benefits of a cash back mortgage? Purchasing a home can be an expensive process, and cash back mortgages allow borrowers to access needed.
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