Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • How Real Estate Agents Help Homeowners Rent Out Their Houses

    Most real estate agents focus primarily on helping people buy and sell houses, but did you know that you can always turn to a real estate agent if you need help renting out your house? If you are a homeowner and decide to buy a second home to move to but want to keep your first house as a rental property, you could contact a real estate agent for help with this.

  • In A Seller's Market: How To Find A Home You Love

    When the real estate market is favorable to sellers, this means that a buyer has to be ready to make an offer fast. While you can still find a great home that is perfect for you, it's important to have all of your finances in order before you start looking. As you visit houses for sale, you will want to know if you can make a full offer on the home or not.

  • Thinking Of Moving To A Senior Apartment? Factors You Should Think About When Selecting A Complex

    Once your kids leave the nest and you have retired from your job, you may be thinking about selling your home and downsizing your lifestyle. Living in a senior apartment ensures you don't have a yard to take care of, a house to maintain, or a large space that is mostly empty to clean, heat, and cool. But before you sign a lease, there are a few key factors that you should consider when you are picking a senior apartment.

  • Consider These Five Factors Before Buying Land For Ranching

    When buying land, one of the biggest considerations is what you want to do with the land. Buying a piece of land for ranching is different from buying a piece of land for crop farming. Below are five important factors to consider when buying ranching land. Capacity The capacity of the land is the number of animals it can carry. The capacity of the land depends on various factors such as the vegetation, forage conditions, whether the animals will be raised for meat or milk, the breed of cattle you are interested in, and the type of feeds (grain, grass, or a combination), among other things.

  • Why You Must Pay Close Attention To What It Says On Your Apartment Rental Lease Agreement

    Apartment rentals come with a lease agreement you must sign before you can move in. When the property owner puts that lease in front of you, it's important you read and understand it. You may think if you've seen one lease, you've seen them all. That's far from the truth. Here's what you should know about an apartment lease. The Lease May Have Omissions or Language that Requires Clarification What the lease doesn't say can sometimes hurt you.

  • 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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