Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

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  • Tips For Your First Real Estate Purchase

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  • Reasons To Buy Your Next Home In A Gated Community

    If you're ready to start looking for a new home, you'll have several different types of communities to consider. You may want to give a gated community a close look, whether you have a growing family or you're looking for a retirement community. You can find gated community homes for sale in a wide range of prices, so it's easy to find something for your budget, whether you want to buy a luxury home or a condo.

  • 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.

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