Study: Black Homeowners Pay $13K More on Their Mortgages

Written by Florida Condotel Mortrgage on October 26, 2020. Posted in Florida Condotel Mortgage.

According to a study done by MIT, Black borrowers pay $13,464 more than white borrowers over the life of a home loan, which includes interest, insurances and taxes. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage on a Florida condotel, secondary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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