Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 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.

  • Considering A Waterfront Apartment? Check Out This List Of Pros And Cons First

    Situated right near the beach with a stunning view, waterfront apartments are bound to be an attractive option if you are on the lookout for a new residence in a city area. While these apartments near the water definitely have their advantages, they can also have some downsides that some tenants just don't care to live with. Before you take out a loan for a waterfront apartment, make sure that this is the right fit for you by getting to know a few of the pros and cons.

  • Considering Buying A Home? Read This First

    Are you planning to buy a home? If so, there are a few things that you can do to make the process easier. The following are a few points to keep in mind as you embark on this life changing time. Avoid getting discouraged or overwhelmed over things that are easy to fix. Shopping for a home can cause a wide range of emotions. Some people get fixated on their feelings, and they may be against buying decent homes simply because they do not meet minor expectations.

  • 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.