Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • Making the Most of Your Vacation Rental Property with the Help of a Property Management Company

    Are you considering investing in a vacation rental property but don't want the added workload of property management? Or are you an owner of a vacation rental property struggling to keep up with the maintenance and marketing of your property? Then, a property management company might be just what you need. Read below about the ways a property management company can help you manage your vacation rental and ease some of the responsibilities that come with it.

  • How to Elevate Your Two Bedroom Apartment Rental with Creative Decorating Ideas

    Living in a two-bedroom apartment can be perfect for couples, small families, or even roommates who seek cozy but still spacious living. However, it can become challenging to decorate it, given the limited space and the need to keep things functional. But worry not; this blog post will provide you with creative ideas to help you turn your rental space into a beautiful haven.  Start with a Neutral Color Palette

  • Maximizing Property Value With Full Management Services

    As an owner of rental property, the desire to preserve and enhance the value of your asset is fundamental. Beyond mere maintenance, the goal is to ensure your property stays competitive, desirable, and lucrative. Full management services have emerged as a robust solution to this concern, offering a comprehensive package that alleviates the stress of property management while simultaneously amplifying its value. Holistic Approach to Property Management The holistic approach taken by full management services covers everything from tenant acquisition and rent collection to maintenance and legal concerns.

  • How A Bankruptcy Attorney Can Help You Manage Your Real Estate Debt

    Mounting debt from house payments that you're unable to make on-time can overwhelm you financially and land you in trouble with lenders. Any lenders who provided financing for you to purchase your home may also report you to collectors if you default on your payments, which can make your situation even more difficult.  Bankruptcy may be an option for you that allows you to absolve yourself of your financial debt. If you're thinking of filing for bankruptcy, a bankruptcy attorney can try to help you in the following ways.

  • Home Buying When Inventory Is Low And Prices Are High

    If you had to move for a job and need to buy a house in a market that isn't too favorable for buyers, you'll need a good strategy in place. In unfavorable conditions, the supply of homes for sale might be low or prices could be too high. That means you may have to make compromises on getting the home you want and the price you'll need to pay. Here are three tips that might help when you look at homes for sale.

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.