Types of Mortgage Loans - Schlumberger

Conventional 15 Year. Fixed Rate 0-15% Your payment is fixed for 15 Years. The interest rate is generally.5% lower than the 30 year rate. Mortgage Insurance is Required. You must escrow your taxes and insurance with the lender and must deposit monies equal to 2 months hazard insurance and 3 months of property taxes at closing. Your monthly payment is about 36% higher than on a 30 year … ................
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