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PITI is principal, interest, taxes, and insurance: the components of a monthly mortgage. Q: What amount is required for a down payment?

April 26, 2017components down payment Insurance mortgage PITI Principal taxes

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PITI is principal, interest, taxes, and insurance: the components of a monthly mortgage. Q: What amount is required for a down payment?

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There is not an established amount of a down payment for every loan. Depending on your situation and eligibility, you may find very low down payment requirements available. Your PrimeLending Loan Officer will be able to help you find a loan program that best fits your financial goals and needs. Remember that private mortgage insurance may be required for down payments less than 20%.