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First-Time Homebuyers

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Executive Conversation: Margaret Crowley on first-time homebuyers and Millennials 

Feb 02, 2016 8:00 amBy

By saving borrowers money, a low-down-payment loan with private MI allows them to build up more equity over time. Private MI can also be cancelled when the loan reaches 80% of the original property value, whereas FHA mortgage insurance remains for the life of the loan unless the borrower puts at least 10% down.