Easier down payments may skip O.C. | Mortgage Loans Equity .Net …

MGIC Insurance Corp., which provides mortgage insurance for folks borrowing more than 80% of a home’s value, removed New Orleans, Dover, Del., Akron, Ohio, and four other areas in Ohio from its list of restricted markets. … Here’s more: Under the looser requirements, a borrower with a credit score of 680 or higher in New Orleans, for instance, can finance up to 95% of a home’s value. Before the change, a borrower who wanted to finance that much of a home’s value would …
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Easier down payments may skip O.C. | Mortgage Loans Equity .Net …