Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 3 Things You Can Do To Reduce The Selling Price Of Your New Home

    Negotiating the selling price of a home is part of the process, and a great way to help you as the buyer get the best deal possible. Simply throwing numbers out may not be enough to budge a seller, but certain techniques can. Here are 3 things you can do to lower the asking price on a home you desire so you can stick closer to your budget. Remove add-ons from the sale

  • Tips For Saving Money When Renting A Luxury Apartment In The City

    If you have decided to rent a luxury apartment through a place like Citi Locating, then it is important that you know how to find the best apartment to meet your family's needs and budget. Since luxury apartment buildings vary greatly in the amenities they offer, you should think hard about which amenities you want and those you would prefer not to pay for on a monthly basis. Once you have decided what you want from your new apartment building, then you should follow these tips to save yourself some cash:

  • Downsizing For Retirement? 5 Tips To Make It Smooth Sailing

    Are you approaching retirement and thinking of moving into a smaller home far away? To be sure, you've got a lot of decision-making to do right now—not the least of which is how much to downsize and where to move. If this describes you, here are 5 key tips for finding the right new place. Don't Feel You Must Leave. Downsizing doesn't necessarily mean you have to pack up and head to Florida.

  • Is A Backup Offer For A Home Right For You?

    When you lose a bidding war on your dream home, all might not be lost. There is a slight possibility that you could still get the home for a reasonable offer. If your real estate agent has recommended that you submit a backup offer, here is what you need to know.   Why Submit a Backup Offer? A backup offer is just as it sounds. It is your offer to the seller to buy the home in case something happens to the buyer who is under contract.

  • Not Quite Ready To Buy A Home Yet? You Can Still Start Preparing Now

    There can be several months or even several years between the time you decide you'd like to buy a home and the time when you actually have the money on hand for that downpayment, making buying a real possibility. While these months or years can feel like a state of limbo, you should not waste them away in anticipation. There are several things you can do at this time to ensure that when you do have the money to buy a home, you're fully prepared.

  • 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.