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Although some El Paso mortgage companies require a down payment of 3 percent, the best way to secure affordable El Paso mortgages is to put down closer to 20 percent of the home’s value. Along with getting more affordable El Paso mortgages, a higher down payment means that you can avoid paying extra for private mortgage insurance (PMI).
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The 5/1 ARM mortgage for El Paso, Texas is now at 3.88%. El Paso is a great city in western Texas. If you are looking to get an El Paso Mortgage, you have certainly come to the right place – just fill out the form above and we will match you with qualified lenders in El Paso with online mortgage quotes.
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