In a Yahoo! Finance article posted July 20, 2013, Scott Sheldon explains how single-pay mortgage insurance can help reduce the cost of owning a home. The article dissects the inner workings of a typical mortgage insurance package, then offers suggestions as to why homeowners may want to consider applying for single-pay insurance. Among other things, this option can result in lower monthly outlays. Home buyers in Georgia could certainly benefit from such helpful advice, considering that one out of 117 homes in the state ends up in foreclosure. In fact, Georgia currently has the fifth highest rate of foreclosures in all of America. Yet finding effective ways to reduce one's monthly mortgage payments is simply one part of the formula for averting a looming foreclosure. The other part lies in picking reliable mortgage lenders in Georgia who take the time to understand every borrower's financial situation.
http://georgia.churchillmortgage.com/industry-news/trusted-mortgage-lenders-in-georgia-offer-various-mortgage-insurance-options/
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