Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • Why And How To Negotiate Closing Costs When Buying A House

    When a house sells, it is typically the seller that pays the real estate commission and the buyer that pays the closing costs. If you are about to purchase a house, you might be able to save some money on the closing costs, though, but it would require some negotiating. Here are several tips to consider using that may help you save some money on the closing costs you are required to pay when buying a house.

  • 4 Tips That May Help You Sell Your House Faster

    When you meet with an agent to list your house, the agent is likely to give you some tips, advice, and suggestions designed to help you sell your house faster. Here are four great tips agents commonly offer that help homes look nicer and more attractive to those that come to see it. Empty out your closets The first tip to consider is cleaning your closets out to the point where they are only half full.

  • Buying Your First Home? 2 Things To Have Checked Out First

    If you are planning to buy your first home, this is an exciting time. You do, however, need to make sure you get into the right home that will not cause you any problems, such as repairs that have to be made. To keep this from happening, below are two things you should check out before you sign your name on the dotted line: HVAC Unit An HVAC unit is expensive to replace, so ask the current homeowners when their unit was installed.

  • What Can You Do About A Lien Before Selling Your Home?

    For most homeowners, preparing to sell their home means making repairs and looking for a new home. For some homeowners, it could mean having to settle a lien. If you have a lien against your home, here is what you need to know about its impact on your ability to sell your home. What Is a Lien? A lien can put the sale of your home on hold. The lien is placed on your home when you have an unpaid debt.

  • 3 Tips To Narrow Down Options When Buying Your First Home

    Buying your first home can be an exciting process, but the long list of available properties can make the process physically, emotionally, and financially overwhelming. Even if you have a general idea of the location you want to live, the search for real estate property can be challenging. Fortunately, this guide and the help of professional agents can help you narrow down the long list of properties to ensure your first home purchase is a smart one.

  • 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.