Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • How To Find A Home For Sale That Includes An Assumable Mortgage

    Each prospective home buyer looks for different features when comparing homes for sale. A few decades ago, some buyers sought out home loans that could be easily assumed by the buyer. Although the requirements are much stricter now, home buyers can still assume certain types of existing home mortgages. An assumable mortgage is potentially attractive because the interest rate on an earlier loan may be lower than current market rates. Some of the costs associated with mortgage origination may be avoided if an existing mortgage is assumed.

  • Ready to Get Started? 4 Tips to Help You Buy the Home of Your Dreams

    If you're ready to start shopping for your first home, make sure you're ready for the process. There's more to it than simply finding the right house, and making a bid. In fact, if you're not prepared, you could find yourself locked out of the competition. Buying a home is like a well-constructed game, and if you don't know the rules, you won't be able to play very well. Unfortunately, that could mean you either don't get the house of your dreams, or you end up paying too much for it.

  • Questions To Ask Your Real Estate Agent

    Deciding to sell your house may not be an easy decision to come to, but it won't be the only hard decision you will face if you do decide to sell. You will have a lot of things to consider and choices to make. When you come to the conclusion that you are ready to sell, here are some of the things that you may want to make sure to ask your real estate agent, so you know what to expect and what is expected of you:

  • Take Note Of Certain Details When Buying A Home During Autumn

    When you go shopping for a home, you should have a detailed list to look through that will help you decide which property is best to make an offer on. But, you should not hesitate to use the situation that you are in to learn as much as you can about the homes for sale that you see. An excellent example is using autumn to analyze specific qualities about each property.

  • Where To Retire If You Love To Be Outdoors

    If you have spent your entire live living in the city, and you are getting ready to retire and you are looking for somewhere to go, then it is important to decide where you are going to move. After years in the city, you are probably looking for somewhere to move where you can be outside and relax. The city can be wonderful, but it can also be stifling and if you would prefer to be somewhere where you could spend a lot of time outside, then it is important that you look for a good place to retire to.

  • 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.