Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

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  • How To Buy The Right Rental Properties

    If you are interested in starting a rental property business on the side, one of the first steps you will need to take is finding good properties to purchase to rent out. This business can be very profitable in the long-run, but it will require buying the right properties. The properties you purchase should have the following characteristics, and a real estate agent can help you locate some in your area.

  • 2 Options That Will Help You Sell Your House Fast

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  • 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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