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Trusted Mortgage Company in Hendersonville, TN

Your dream of owning a home can soon become a reality with Primary Residential Mortgage located Hendersonville, TN. Whether you’re looking to buy your first home, relocating to a new one, or purchasing an investment property or vacation home, PRMI Hendersonville is here to help.

In your journey toward becoming a homeowner, choose an established mortgage lender that can help you finance your ideal home in Hendersonville, Nashville, Murfreesboro, or other surrounding areas.<,/p>

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We help make the dream of homeownership come to fruition. With nearly 200 loan options to choose from, finding an affordable mortgage program that fits your unique requirements is easier than you think. A local specialist will be with you through each step of the application process, whether you’re applying as a first-time homebuyer or looking to refinance an existing mortgage.

Our team takes great pride in making sure each and every customer has a positive, personal home loan experience. We are not only knowledgeable about the local Nashville market, we are also backed by one of the industries most reputable lenders with a nationwide presence. Purchase a new home or refinance your current one with a trusted local mortgage company in Hendersonville.

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PRMI Hendersonville has been helping individuals, couples, families and retirees obtain home financing for over 10 years. We’ve seen small local communities blossom into thriving neighborhoods. We’re proud to specialize in the local mortgage industry and use our knowledge to help borrowers in Hendersonville, Nashville, Murfreesboro, and many other surrounding areas find the best program for their unique situation and goals. Talk to our team today about your home loan needs.

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With a wide variety of home loan options, we can help customize a program that will best meet your needs. Our streamlined application process called ClickApproval™ helps simplify and expedite the application process. Our experienced loan officers pride themselves on excellent customer service and help to ensure that your experience will be as stress-free as possible. Get in touch with us today.

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Oct 18, 2018 10:35 PM

By: Primary Residential Mortgage, Inc.

With numerous programs out there meant to help buyers get the perfect mortgage situation for them and their families, it can be easy to forget about the simplest loan type out there: The conventional loan. This is the traditional loan many people think about when they first consider a mortgage, and it can be found in both fixed- and adjustable-rate formats.

At Primary Residential Mortgage, we’ll help you find the best mortgage loan and rates, whether it’s through a conventional program or another type. What are some of the benefits of the conventional loan?

No Private Mortgage Insurance

Part of the reason some folks resist the conventional mortgage is the fact that it’s known for requiring a 20 percent down payment upon purchase. This is a big expense for many buyers, and scares some away.

Two things here: Firstly, 20 percent isn’t always required (more on this later in our blog). Secondly, and perhaps most importantly, buyers have to realize there’s a trade-off here. If you can indeed afford the 20 percent down payment through smart savings, you will completely avoid having to take out private mortgage insurance – a requirement often put forth by lenders to protect themselves in case of default.

Property Flexibility

There are certain other types of loans that are only meant for a certain type of property – there are no such restrictions on conventional loans. They can be used for primary residences, rental properties, second homes or any property that requires a mortgage loan.

Refinancing Benefits

In many cases, conventional mortgage formats save money for homeowners during a refinancing situation. This is often the case even when those same buyers have previously used something like the FHA loan program – transitioning to a conventional loan brings a great rate while also eliminating mortgage insurance.

Surprising Qualification Thresholds

As we noted above, it’s something of a myth that you cannot obtain a conventional mortgage without a 20 percent down payment. Many conventional loans allow as little as three percent down, and while you will have to pay mortgage insurance if you can’t come up with 20 percent, there’s a kicker here: As soon as you reach 20 percent equity owned in the home, private mortgage insurance goes away. So even if you’re just a bit shy on the 20 percent figure, know that you won’t be stuck paying private mortgage insurance for long.

For more on how conventional loans can benefit you, or to learn about any of our loan programs, speak to the staff at Primary Residential Mortgage today.

*The views and opinions expressed are my own and do not necessarily represent the official policy or position of Primary Residential Mortgage, Inc.

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