Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • Consider These Five Factors Before Buying Land For Ranching

    When buying land, one of the biggest considerations is what you want to do with the land. Buying a piece of land for ranching is different from buying a piece of land for crop farming. Below are five important factors to consider when buying ranching land. Capacity The capacity of the land is the number of animals it can carry. The capacity of the land depends on various factors such as the vegetation, forage conditions, whether the animals will be raised for meat or milk, the breed of cattle you are interested in, and the type of feeds (grain, grass, or a combination), among other things.

  • Why You Must Pay Close Attention To What It Says On Your Apartment Rental Lease Agreement

    Apartment rentals come with a lease agreement you must sign before you can move in. When the property owner puts that lease in front of you, it's important you read and understand it. You may think if you've seen one lease, you've seen them all. That's far from the truth. Here's what you should know about an apartment lease. The Lease May Have Omissions or Language that Requires Clarification What the lease doesn't say can sometimes hurt you.

  • Keep These Tips In Mind When Hunting For A Retirement Home To Buy

    Several reasons make your retirement home much different from other homes you owned when you were younger (assuming you don't retire early. For one, your retirement home is where you are likely to live in for the rest of your life. Secondly, this is also the home where you will live when you are experiencing age-related frailties. For that reason, keep the following issues in mind when looking for a retirement home to purchase:

  • Showings May Occasionally Be A Nuisance, But Don't Do These Things

    When you're trying to list houses for sale, it's likely that you'll develop a love/hate relationship with showings. Having to tidy and then vacate your home for an hour or so, often with not much notice, can be a little disruptive — but you'll have to get used to this process if you want to sell. While prospective buyers may attend open houses, they'll also want to book at least one private showing before they decide to submit an offer.

  • 3 Things To Consider As A First Time Home Buyer

    Getting into the real estate market for the very first time? It can feel overwhelming with so many decisions to make for what is sure to be the biggest financial decision of your life up until this point. Here are some things you should think about as a first time buyer. Consider a Fixer Upper Many home buyers want to purchase a home that is move-in ready. This means that there is nothing that really needs to be fixed with the home prior to purchasing it, and you can start unpacking immediately rather than focus on home repairs.

  • 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.