Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 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:

  • Two Clauses That Must Be In Your Leases To Avoid Trouble

    The saying "Good fences make good neighbors" is an exhortation that setting boundaries is the key to having good relationships with others. As a landlord, it's important to set the ground rules with tenants to avoid personal and legal headaches, and these rules should be clearly outlined in your lease. Here are two clauses you need to make sure appear in your rental contracts. Marijuana Use Currently, 28 states have legalized marijuana in some way and 17 more are looking to decriminalize use of the drug in 2017.

  • 2 Things You Should Consider Before Buying A Townhouse To Flip It

    There are many people who have invested in a house primarily for the purpose of flipping it and selling it for profit. In many cases the individual makes a good deal of money on the transaction and can end up having a very positive experience. However, in other cases it can be counted as a loss. Much of the difference is in the preparation of the house and the buying process.

  • First-Time Rural Land Buyer? Tips To Improve Your Search And Help You Find Exactly What You Want

    Investing in land is a great way to build wealth, especially now, when the stock market is volatile and returns on passbook savings are still very low. In addition to being a great investment, purchasing land, such as hunting land or farm land can be an excellent way to enjoy recreational opportunities or build another income stream for your family. But for those who have decided to buy land for the first time, the search process can seem intimidating.

  • Is A Twin Home Right For You?

    Most people are familiar with duplexes and townhomes. However, there's a third type of shared house called a twin home that has characteristics of both but may provide a cheaper way into homeownership. Here's more information about twin homes and why you may want to consider buying one. A Single Family Home in a Duplex Style Twin homes are similar to duplexes in that the two homes share a center wall and the building that houses them typically has the same architectural characteristics.

  • 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.

    Tags