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Over the past year, mortgage brokers across the UK have been grappling. She is also seeing greater reason to use secured loans as an affordable alternative to remortgage for clients who have high.
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If you are buying a house and you’re putting down less than 20%, you will need private mortgage insurance or PMI. The same holds true with refinancing – if you refinance your current loan but have less than 20% equity in your home, you will need private mortgage insurance.
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