Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 3 Plumbing Issues To Inspect When Looking For A House To Buy

    If you are looking for a home to purchase, you may want to start by hiring a real estate agent to help you locate homes for sale in your area and within your price range. As you look at these homes, you may want to take a closer look at the plumbing systems in each one, especially if you are not planning on getting a home inspection. Unexpected plumbing issues can cost thousands of dollars to repair, but you may be able to avoid this if you know what to look for.

  • Coming Up With Your Initial Offer When Buying A House

    Buying a house is a difficult process filled with tricky decisions. One of the most important--and misunderstood--decision in this process is your initial offer to the seller. Sure, you could make things easy on yourself and just pay the seller's asking price. In fact, that's the correct play in certain situations. However, in other circumstances, it's a costly mistake. That makes knowing how to create your initial offer critical to getting a good deal.

  • Should You Purchase Out-Of-State Rental Property?

    Whether you're relocating to another state and plan to put your home into rental service, or are simply exploring the idea of investing in rental property across state lines, you may be wondering about some of the potential advantages and pitfalls of being a long-distance landlord. Read on to learn more about some of the specific situations in which managing your property from out-of-state can benefit you, as well as situations in which you may be better off investing in real estate closer to home.

  • 5 Must-Have Features When Shopping For Cayman Homes

    The Cayman Islands is a beautiful location that often acts as a vacation destination along with an ideal place to have a full-time residence. When browsing through Cayman homes for sale with companies like IRG International Realty Group Ltd, there are vast differences between the luxurious island options and American homes. If you're looking for beauty, relaxation, and luxury, there are multiple features that you should consider with every home you look through.

  • Needs For Commercial Pest Control In Utah

    There are many different industries that need help from commercial pest control in Utah. The product that is used by pest control companies need to be strong enough to kill unwanted pests, but also allow a safe working environment for employees and processing foods. The different areas that could benefit from commercial pest control in Utah is healthcare, hotels, food service, food and beverage processing, office buildings, apartments, schools, and retail stores.

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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