Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • Can You Get A Mortgage If You Don't Have A Credit Score?

    It's advice you've probably heard all the time if you're thinking of buying a home: start working on improving your credit score so you can get a mortgage. But what if you don't have a credit score? Do you have any hope of getting a mortgage if your credit score is zero or non-existent because you've simply never taken on debt in the past? The answer is "yes." Getting a mortgage with no credit score takes some planning, and you may have to wade through some extra red tape — but it is possible.

  • Looking For A Deal For Your First Home? Target Your Search In These Areas

    First-time home buyers may not be able to buy their dream home just yet, but that shouldn't deter them from getting started in the journey of real estate ownership. If you're looking for a house for sale and want to ensure that it's as affordable as possible, there are a variety of ideas to consider. One idea is to find a place that needs fixing up, but if you're already short on cash, fixing up your home may be a challenge.

  • 3 Reasons to Hire A Real Estate Agent When Purchasing Commercial Land

    This article is going to discuss 3 excellent reasons why you should consider hiring a real estate agent when you are looking into purchasing commercial land.  They Know How Busy the Area Is When considering where you want to purchase land and build your business, you are going to want to think about how busy the location is. For most businesses, you are going to want to build in a busy location so that you can have a lot of customers coming into your business.

  • Four Tips For Selling Your Townhouse

    If the time has come to move on from your townhouse, you'll need to put it on the market. But there are some intricacies to selling a townhouse that make the process slightly different from that of selling a freestanding, single-family home. Here are a few tips to ensure the process goes smoothly and you find a buyer promptly. Work with the right agent. Look specifically for a real estate agent who has experience selling townhomes.

  • Tips On Pricing Your Home For Sale

    Pricing a home for sale is a tricky thing to do, because there is no exact right answer. Instead, the decision depends on how you value certain factors. Here are some things to consider when you're pricing your home. How Badly Do You Need to Sell? First of all, your own motivations can affect whether you go low or high when pricing your home. If you need to sell soon because you want to buy other property or need to move, consider how much value there could be in lowering the price a few thousand dollars or making other concessions to your buyers.

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.

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