Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 3 Questions You Should Ask Before Buying A House

    Buying a house is an important decision. The place where you live, raise your children, and invest all of that money shouldn't be a decision that you make lightly. Instead, there are many questions you should ask yourself before purchasing a home. Here are some things to think about. Is The Neighborhood As Good As The Home? A mistake that many first-time home buyers make is that they don't think about the neighborhood—they only care about the house.

  • Can You Get A Mortgage If You Don't Have A Credit Score?

    It's advice you've probably heard all the time if you're thinking of buying a home: start working on improving your credit score so you can get a mortgage. But what if you don't have a credit score? Do you have any hope of getting a mortgage if your credit score is zero or non-existent because you've simply never taken on debt in the past? The answer is "yes." Getting a mortgage with no credit score takes some planning, and you may have to wade through some extra red tape — but it is possible.

  • Looking For A Deal For Your First Home? Target Your Search In These Areas

    First-time home buyers may not be able to buy their dream home just yet, but that shouldn't deter them from getting started in the journey of real estate ownership. If you're looking for a house for sale and want to ensure that it's as affordable as possible, there are a variety of ideas to consider. One idea is to find a place that needs fixing up, but if you're already short on cash, fixing up your home may be a challenge.

  • 3 Reasons to Hire A Real Estate Agent When Purchasing Commercial Land

    This article is going to discuss 3 excellent reasons why you should consider hiring a real estate agent when you are looking into purchasing commercial land.  They Know How Busy the Area Is When considering where you want to purchase land and build your business, you are going to want to think about how busy the location is. For most businesses, you are going to want to build in a busy location so that you can have a lot of customers coming into your business.

  • Four Tips For Selling Your Townhouse

    If the time has come to move on from your townhouse, you'll need to put it on the market. But there are some intricacies to selling a townhouse that make the process slightly different from that of selling a freestanding, single-family home. Here are a few tips to ensure the process goes smoothly and you find a buyer promptly. Work with the right agent. Look specifically for a real estate agent who has experience selling townhomes.

  • 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.