Company debuts innovative benefit to help with housing costs

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A mortgage company that has seen firsthand the challenges of rising home prices has taken a step to ease the burden for its own employees.

And they’ve done it with what they believe is a first-ever benefit offering: picking up the cost of mortgage insurance, an expense that can add a few hundred dollars–or more–to a monthly mortgage payment. First-time, young and minority home-purchasers often are the ones affected since only those buyers without the required 20% down payment of a home’s purchase price must purchase mortgage insurance. Policies protect lenders against default, but buyers foot the bill–typically between 0.5% and

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