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From the Business: Mohan Panangavil began originating residential mortgages since Michigan in 1998. This is one of the best loan companies in Miami fl. His long term experience in providing residential loans enables him in solving every loan situation, there is. Whether purchasing your own residence, looking for an investment property, or refinancing an existing loa...
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Rates vary based on credit score and loan type but typically range from 6% to 7% for a 30-year fixed mortgage.
Most buyers put down 20%, but FHA loans allow as low as 3.5%.
A 15-year loan saves on interest but has higher monthly payments. A 30-year loan offers lower payments but costs more in interest over time.
Yes, refinancing is a great option when interest rates decrease.
Yes, due to high home prices, many buyers require jumbo loans.
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