Is mortgage insurance required for Wachovia mortgages?
Asked 6 months ago
No, mortgage insurance is not required for Wachovia mortgages. Wachovia offers mortgage options that allow borrowers to avoid the need for mortgage insurance. For borrowers who can provide a down payment of at least 20% of the home's purchase price, mortgage insurance is typically not required. This can save borrowers significant costs over the life of their loan. Wachovia understands the importance of providing flexible mortgage options to meet the needs of various borrowers. By eliminating the need for mortgage insurance, Wachovia empowers borrowers to achieve their homeownership goals with more affordability and flexibility.
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