Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 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.

  • The Extra Costs To Plan For When Purchasing A Home

    One of the most important things you can do when buying a house is budget properly for the purchase. While most people are good at sticking with a budget amount for the cost of the house they buy, a lot of people forget to factor in all of the extra costs associated with the purchase of a house. If you are trying to protect your budget, you should figure in the following extra costs most people pay when buying a house.

  • Experts You May Need To Hire When Buying A House

    The amount of money you spend to purchase a house is probably the most money you will ever spend on anything you buy. Because of this, it is important to not only take your time throughout the process, but also to hire the necessary experts you need to help you through this major purchase. While you may not need all of these experts, you may need some as you begin working on the steps needed to buy a house.

  • 4 Differences Between Renting An Apartment And A House

    If you need a place to live and are not ready to buy a house, you could choose to rent either an apartment or a house. Both are good choices, but there are some differences you will encounter with each option, and it is important to understand what these are before you choose one or the other. Here are four of the main differences you should expect between a house and an apartment.

  • 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.