Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 3 Things A Real Estate Agent Will Help You Navigate When You Buy Your First Home

    If you're ready to take the big step and buy your first home, you're probably overwhelmed with all the decisions you need to make. Since you've never been through the process before, you need a good real estate agent to guide you and protect your interests. That's why you want to work with a buyer's agent rather than calling the listing or seller's agent. Here are a few things your real estate agent can help you watch out for as you buy your new home.

  • Considerations For First Time Buyers

    If you are a first-time buyer, there are a lot of things you won't yet know about when it comes to purchasing that first home. You don't want to make crucial mistakes that you won't know you are making until down the line after it's too late to correct them. Here are a few things that can save you problems down the road. Don't just think about your present needs

  • Have A Better Time Selling Your Home By Renting A Storage Unit Before Listing

    In most cases, selling a home comes with a lot of preparation. It might be normal for you to de-clutter every few months as more items find their way into the home. But, when you are selling a home, you always want to be showing off a clean place, which means you need to take a different approach. Renting a storage unit helps you impress buyers by making it easier to keep the home attractive and organized.

  • Two Reasons Why You Should Buy Rental Property

    If you've come into some extra money and are looking to invest it, you have a number of options at your disposal.  You can choose to put it an interest bearing account, buy gold or silver or choose from a host of other alternatives.  However, if you want to get a worthy return on your funds it might be a better idea for you to purchase a piece of property and rent it out.

  • 3 Steps In The Mold Inspection Process

    If your house has had some water damage, then there is the chance that you may have some mold hiding. Moisture is sneaky and get into a lot of different places, making it easy for you to miss getting some places clean, especially behind walls or in ceilings and floors. Mold may be hard for you to find, so you may not even know that you have it until it becomes a serious problem.

  • 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.