Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • How To Buy The Right Rental Properties

    If you are interested in starting a rental property business on the side, one of the first steps you will need to take is finding good properties to purchase to rent out. This business can be very profitable in the long-run, but it will require buying the right properties. The properties you purchase should have the following characteristics, and a real estate agent can help you locate some in your area.

  • 2 Options That Will Help You Sell Your House Fast

    When a homeowner puts his or her house up for sale, there's a chance it may sell within a few days, but there is also a chance it could take months for it to sell. If you need to sell your house fast, you may not have months to wait for a buyer. Fortunately, there are options that can help you sell your house really fast, and here are a few choices you have.

  • Selling Your Home? Why You Should Make An Agreement With Your Agent That Is Short-Term

    If you are looking for help selling your home, it is natural to work with a real estate agent for assistance. They handle a lot of the legwork necessary with homes for sale, which ranges from advertising to being present for showings. When you start working with an agent, there will be a contract that you need to sign that states everything they will do for you as well as the length that the agreement is valid.

  • 3 Ways To Make House Shopping Less Stressful And More Enjoyable

    Buying a home is a rewarding experience, but the process can be stressful and overwhelming if there are a lot of options on the table. Here are a few things you can do to make your house hunting expedition more fun and less stressful overall: Take Lots of Photos During Tours An excellent way to make comparing prospective homes for sale easy and stress-free is to take lots of photos and notes when touring the homes.

  • Four Design Mistakes To Avoid If You're Building A New Home

    Building your own home gives you a great opportunity to own a property that's custom designed to meet your needs. However, there are unfortunately a few standard design mistakes that homeowners sometimes make when building their own home from scratch for the first time. These mistakes can detract from the everyday convenience of living in your new home, so it's important to avoid them.  The following are four of the most common design mistakes to avoid to maximize your satisfaction with your new home:

  • 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.