HOW CAN I REDUCE MY MORTGAGE INSURANCE COSTS?

Mortgage insurance is usually added to a loan when the down payment is less than 20% of the loan amount. You can reduce your mortgage insurance costs either by putting more down or requesting a home appraisal when you feel the loan-to-value (LTV) ratio on your mortgage reaches less than 80%. Use the calculator below to estimate your monthly mortgage insurance using a range of down payments and to determine when you will no longer need to pay for this insurance. 

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TruWest Credit Union offers competitive fixed-rate and adjustable-rate mortgages.