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Did you know that your down payment amount can have an impact on your mortgage rate? That’s because mortgage rates are generally tiered, and typically lower mortgage rates are available for those with a down payment of 20% or more. If possible, consider increasing your down payment to see if it’ll get you a lower rate for your home loan. Westdale Capital Services – Westdale Capital.
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Low-end borrowers had their applications denied at a higher rate than those taking out bigger mortgages even when comparing borrowers. the piece is accompanied by some great photos of the space..