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.
Pitch Edison Financial, LLC is a Mortgage Broker based out of Omaha, NE. As a Financial professional for over 12 years, Mark has the unique ability to navigate a complex industry to provide unmatched solutions and resources to his customers that others simply cannot. Our model allows us to create a custom experience whether you are looking for a better rate, lower fees, a quick closing, down payment assistance or help with credit challenges, we can tailor a loan that is right for you. Let us know how we can hellp you.
Company NMLS: 1703152
14301 FNB Pkwy, Suite 100
Omaha, Nebraska 68154
Phone: (402) 509-4115