Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • Issues And Solutions With Cheap-And-Fast Real Estate

    If you are interested in rehabilitating an older block of homes or if you want cheap land in order to buy build a home, you may be looking for a cheap deal. In some cities, there are homes in foreclosure or in various states of disrepair available for pennies on the dollar. Being able to purchase these deals can mean a good break for your rehabilitation business or building your own home.

  • Five Tips For Moving Out On Short Notice

    In an ideal world, you would always know several months in advance before having to move so that you had plenty of time to plan and pack. But sadly, in the real world, there are times when circumstances dictate that you only have a few short weeks or days to get out of your apartment and into a new place. If you're in this situation, the following tips will help you make your last-minute move without losing your mind -- or your sofa.

  • Can't Get A Mortgage? Check Out These 3 Home Financing Alternatives

    In recent years, it's become considerably more difficult to qualify for a traditional mortgage, and the terms have become more onerous for nearly everybody. There are some understandable reasons for this, but barriers to traditional mortgages can end up shutting out some good prospective homeowners. If you're having trouble qualifying for a conventional mortgage with reasonable terms, it may interest you to know that there are lesser-known, but perfectly viable, alternative financing possibilities out there.

  • 3 Things About Your Home You Had No Idea Made it Appealing to Buyers

    What do you think makes a home appealing to buyers? If you guessed top-of-the-line appliances, lots of square footage, and being located in a quaint country setting, you guessed wrong. If you're considering selling your house, read on for 3 surprising things that just might make for a super speedy sale. It's Small Gone are the days when the size of a house was viewed as a status symbol. Today's home buyers are smart shoppers who know that the smaller the house, the more affordable it will be to maintain.

  • What Every Lender Should Understand About Zoning And Property Value

    When commercial review appraisers prepare detailed valuation reports, an important part of their report often focuses on zoning information. Within these reports, appraisers typically highlight how and why the particular zone in which a property is located has an influence on its value. While it's easy to read this information, it's often difficult to understand it. However, as a lender who is focused on protecting their bottom line, fully understanding zoning and the effect it has on a property's value is essential.

  • 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.