On a conventional mortgage, when your down payment is less than 20% of the purchase price of the home mortgage lenders usually require you get Private Mortgage Insurance (PMI) to protect them in case you default on your mortgage. Sometimes you may need to pay up to 1-year's worth of PMI premiums at closing which can cost several hundred dollars. The best way to avoid this extra expense is to make a 20% down payment, or ask about other loan program options.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 29818
1100 W. Town & Country Rd. Ste. 1250
Orange, California 92868
Phone: (877) 714-7145
Direct Bank Rate strives to ensure that its services are accessible to people with disabilities. Direct Bank Rate has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Direct Bank Rate makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows directbankrate.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
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Direct Bank Rate continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Direct Bank Rate website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
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