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Article: GE Mortgage Insurance Consumer Web Site Helps Consumers Compare Mortgage Financing Options.
- Article from:
- PR Newswire
- Article date:
- December 12, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RALEIGH, N.C. -- GE Mortgage Insurance wants consumers to consider all their financing options when they look for the home of their dreams.
To help, the company has added a "Benefits of Mortgage Insurance" calculator to its http://www.gehomenow.com/ consumer web site. The patent- pending calculator enables consumers to instantly compare the projected equity in a home after 10 years with three different loan types: conventional 20 percent down, low-down payment with mortgage insurance, and FHA financing. To get the comparison, users enter monthly income, cash available to close, interest rate, settlement costs and an estimated home value appreciation rate.
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