Beautiful First Time Buyer Condo!
Apr 10th, 2009 | By DebOnTheWeb | Category: Medford MA, Real EstateBeautifully updated corner condo. Enlarged kitchen has nickel appliances incl microwave & refrigerator. Both baths have new fixtures & CT floors. Bamboo floors in main living area and Berber in the bedrooms for warm feet in the morning. Screened balcony extends living space. In unit laundry hook ups. Large closets & extra storage on balcony. Enjoy the pool or barbecue in spacious common area. Officially 1 car parking but owners park 2 cars tandem. Near buses to Orange Line & Haymarket. Pet friendly. Low condo fee of $170/month. Great first time buyer condo!
Visit www.35Washington.com for full information.
Most understand how mortgage insurance works (not mortgage life and critical illness insurance, but mortgage default insurance). It’s a premium applied to your mortgage, paid to a mortgage insurer, who in turn agrees to insure your mortgage with your lender in the event you default. In other words, it is protection for the lender should their customer not make payments. This is a mandatory insurance for mortgages higher than 80% of the home value. Your subject is nice & great. well done.
John
Thanks
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Mortgage Rates
Absolutely right John. Mortgage insurance (also known as PMI) only protects the bank, not the borrower.