Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 3 Reasons Buying a Townhome Is Ideal for a Young Family

    If you're a young family looking for a place to call home, you might want to consider a townhome instead of a single-family home. When you're just beginning to grow your family, a townhome can give you the ability to be a homeowner without the high cost associated with single-family homes. Along with a lower price, a townhome can offer you various benefits, making them an excellent option for a young family.

  • Benefits Of Buying A Mobile Home

    When you plan to buy a home, you have many options—a new house, fixer-upper, condo, etc. Each choice has its benefits, so you should think carefully and make the best choice for you and your family. One option that many people overlook is mobile homes, but they have many benefits over other options.  Here are some of the reasons why a mobile home is a good choice for a home buyer:

  • Recommendations for a Smart and Successful Home Search

    In the search to find the right home, you will need to evaluate your budget, get approved for a mortgage, and have a good understanding of what you want in a house. In addition to these details, be prepared to put your ideas into practice and start shopping for a house for sale that is going to fulfill what you want and need in a home. Here are some recommendations to help you search for and buy the right home.

  • What It's Really Like To Live Near A Bay

    If you're looking at homes in Bay Colony, you need to understand what it's like to live near the bay and near the shore in general. Living near the water, particularly by the ocean, is a dream for many. But if you haven't lived near the shore, a bay, or a harbor before, you might not realize what it can actually entail. It can be a great place to live once you know what it's like.

  • Insight For A Successful Furnished Apartment Hunt And Selection

    The process and the effort that goes into moving can be quite a lot of stress and work. But when you are moving for a short-term period—whether it is for work, school, or a temporary relocation—you may not want to have to pack up and unpack all your belongings and furnishings into a new space. A furnished apartment takes a large amount of the work out of the transition and provides you with all the necessities you will want and require for your home without having to stay in a hotel.

  • 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.