Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

3 Ways To Make House Shopping Less Stressful And More Enjoyable

by Luke Fields

Buying a home is a rewarding experience, but the process can be stressful and overwhelming if there are a lot of options on the table. Here are a few things you can do to make your house hunting expedition more fun and less stressful overall:

Take Lots of Photos During Tours

An excellent way to make comparing prospective homes for sale easy and stress-free is to take lots of photos and notes when touring the homes. This way, you can use the visual and written information to fully compare the features, problems, and landscape specifics to one another so it's easy to determine which ones are most likely to meet your needs and preferences, and which should be taken out of the running. You can create a file for each prospective home that includes the photos, your notes, inspection paperwork, and other pertinent information that's relative so everything stays organized and it's easy to decipher between each property and their differences.

Create and Use an Email Template

To make sure that you have the same information for each home that you consider buying, work with your real estate agent to create an email template that can be used to document and store things like addresses, kitchen features and needed repairs and maintenance. Every time you decide to look into a home for purchase, your real estate agent can send the email template to the seller, have them fill it out and send it back, then forward the document to you for your reference. The template will help ensure that nothing important is overlooked and that you get the same information for each home you consider buying.

Host a Few Meet-and-Greets

Make house hunting fun by hosting a meet-and-greet at a local park near the homes you're considering buying. If you are thinking about investing in homes in different neighborhoods, host a meet-and-greet in each community so you can get to know all the neighbors. Slip some invitations into the mailboxes of homes that neighbor the one you're interested in purchasing and ask them to meet you at a park or community center for a pot luck. You'll have some fun, meet some new friends, and gain some important insight into the goings-on of the neighborhoods you may become a part of.

These tips and tricks can be used in combination with one another to create a stress-free and enjoyable house shopping experience. 


About Me

Do You Need Private Mortgage Insurance?

Welcome to my website. My name is Larry Silva, and I want to talk a bit about private mortgage insurance. You may have heard the term PMI mentioned when you were in the process of purchasing real estate. When I first heard my lender talking about PMI, I was very confused. It was my realtor who sat me down and explained what private mortgage insurance was and when someone is required to purchase it. He told me that PMI is not lifelong insurance; it can be cancelled when the mortgage principal balance reaches a certain point. Once it was explained to me, private mortgage insurance was no longer a mystery or a confusing concept. I would like to pass on what I learned and hope that you find it to be of value.