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What Should You Do Before You Buy A New Construction Home?
For so many people, it is a dream to buy a home and then be the first person to live in it. Buying a new construction home allows you to do exactly that. If you are thinking about buying a new construction home, there are a few factors to consider. The following is what you should know before you buy a new construction home. Educate Yourself About the Process First, you need to educate yourself about the buying process.
About Me
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.