Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

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  • Recommendations To Help You Search For And Purchase A Home

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  • 3 Things to Know About Second Chance Apartment Rentals

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  • Questions To Ask Your Realtor When Buying A House

    When you set out on the journey of buying a house, you will need to do a few things before you tour homes. One thing you must do is get preapproved for a mortgage loan, as you need this to view houses for sale. Next, you must hire a Realtor to assist you with your home purchase. Once you hire a Realtor, you can discuss your home purchase with them. During this time, you might want to ask the Realtor a few vital questions.

  • 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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