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		<copyright>&#xA9;DebOnTheWeb (AKA Deb Agliano) </copyright>
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		<title>Minimum Down Payments To Rise in March</title>
		<link>http://www.debontheweb.com/minimum-down-payments-to-rise-in-march</link>
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		<pubDate>Fri, 15 Feb 2008 15:34:34 +0000</pubDate>
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				<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[houses for sale]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[real estate market]]></category>

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		<description><![CDATA[Are you thinking of taking advantage of the decline in the market to purchase an investment property? Well, thanks to some upcoming changes by two of the country&#8217;s largest private mortgage companies, you&#8217;ll have to have a higher down payment.
MGIC and PMI Group will soon be requiring a minimum of a 10% down payment on [...]]]></description>
			<content:encoded><![CDATA[<p>Are you thinking of taking advantage of the decline in the market to purchase an investment property? Well, thanks to some upcoming changes by two of the country&#8217;s largest private mortgage companies, you&#8217;ll have to have a higher down payment.</p>
<p>MGIC and PMI Group will soon be requiring a minimum of a 10% down payment on an investor owned 1-4 family property. In some areas that they consider more risky (which include Norfolk and Suffolk Counties here in the Boston area) the minimum down payment will be 15%.
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