Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • What You Should Do Before Buying A Waterfront Home

    Purchasing a property is a massive investment, so it's important for buyers to be educated. However, when it comes to purchasing waterfront homes — education is essential. A lack of knowledge can cause all sorts of issues, including forcing you to spend more money than you had planned in the long term. Here is what you need to know before you buy a waterfront property. Secure Loan Approval First Waterfront property is a more sizeable investment than an inland property, which means that they often come at a higher cost.

  • 4 Tips For Buying An Ideal Home For Plant Growth

    Living in an apartment or condo often means that you are limited in your ability to grow lots of plants. If this is something that you have been wanting to do for a long time, you may look forward to buying a home knowing that it will give you ample space to grow plants and trees. But, while almost any house will give you a better opportunity to grow plants, you may want to make sure that you are purchasing an ideal property.

  • Selling With Unpermitted Work

    Selling a home with unpermitted works is tricky. It might trigger legal problems for you or complicate the selling process by scaring away potential buyers. Below are some of the methods you can use to discover if your house has unpermitted works, and how you can sell such a property. Discovery Use these tips to find out if your house has unpermitted work. Scrutinize Repair and Renovation Records Some homeowners keep impeccable repair or renovation records.

  • Tips For Preparing Your Home For A Showing

    Is your home listed for sale on the local real estate market, and does it say when you will be having people come to your home for showings? If so, it will help to prep the following areas before they come to your home and decide if they want to buy it. Home's Exterior The first impression you'll make on the buyer is with your home's exterior. Start by looking for any cosmetic damage that needs to be repaired, such as a front door that needs to be painted or a wooden porch that needs to be sanded and stained again.

  • Home-Buying Preparation Tips For Your Next Real Estate Purchase

    When you are ready to start the process to buy a home and search for the right one, there are still some details you need to take care of so you are fully prepared for the search and the purchase transaction. Here are some recommendations, which you can use in your home-buying preparation to get your situation in order and prepared for the purchase. Inquire Into Your Credit One of the first steps you can take before you buy a home is to check out your credit situation.

  • 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.