Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 4 Must-Have Features For Your First Senior Living Apartment

    If you've made the decision to move into senior-only housing, there are a lot of questions you may have about the features and what to expect. Senior living apartment buildings and units often have many features designed to make daily life easy for seniors. Even so, there may be specific features you hope to find when it comes to your own home.  Consider the following features and how they can make an apartment an excellent living arrangement as you get older.

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.

Tags