Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • Home Buying When Inventory Is Low And Prices Are High

    If you had to move for a job and need to buy a house in a market that isn't too favorable for buyers, you'll need a good strategy in place. In unfavorable conditions, the supply of homes for sale might be low or prices could be too high. That means you may have to make compromises on getting the home you want and the price you'll need to pay. Here are three tips that might help when you look at homes for sale.

  • Top Mistakes To Avoid When Buying Or Selling Probate Real Estate

    This is because it involves properties owned by someone who has passed away, and the estate is responsible for managing and distributing the assets, probate real estate sales can be a complex and challenging process for both buyers and sellers. If you're planning to buy or sell probate real estate, it's important to be aware of the common mistakes that can occur and how you can avoid them. Failing to Hire an Attorney

  • 4 Must-Have Features For Your First Senior Living Apartment

    If you've made the decision to move into senior-only housing, there are a lot of questions you may have about the features and what to expect. Senior living apartment buildings and units often have many features designed to make daily life easy for seniors. Even so, there may be specific features you hope to find when it comes to your own home.  Consider the following features and how they can make an apartment an excellent living arrangement as you get older.

  • What To Look For When Investing In Real Estate

    Investing money in real estate is a common event, but many people invest in real estate differently. Regardless of the types of properties you purchase, you'll need to know what to look for in the real estate you buy. You can begin by hiring a real estate agent for help. Then, you can start looking for the following qualities in the properties you buy. Purpose of the properties First, consider the purpose of the properties.

  • 3 Reasons Buying a Townhome Is Ideal for a Young Family

    If you're a young family looking for a place to call home, you might want to consider a townhome instead of a single-family home. When you're just beginning to grow your family, a townhome can give you the ability to be a homeowner without the high cost associated with single-family homes. Along with a lower price, a townhome can offer you various benefits, making them an excellent option for a young family.

  • 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.