Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • 3 Things to Know About Second Chance Apartment Rentals

    If you have things in your past, you might have some trouble getting approved for an apartment rental. The good news is that you can still qualify for an apartment if you look for the right type. The type you want to look for is a second chance apartment rental. If you have never heard of these before, you might have some questions about them. Here are three things that you should know about second chance apartment rentals.

  • Questions To Ask Your Realtor When Buying A House

    When you set out on the journey of buying a house, you will need to do a few things before you tour homes. One thing you must do is get preapproved for a mortgage loan, as you need this to view houses for sale. Next, you must hire a Realtor to assist you with your home purchase. Once you hire a Realtor, you can discuss your home purchase with them. During this time, you might want to ask the Realtor a few vital questions.

  • 5 Tricks For Selling Land

    Selling land is a little different than selling a home. When selling land, there are still things you can do to make your land more attractive. When you put land on the market, you don't want the land to sit there for a long time. There are things you can do to ensure that your property is attractive and will sell. 1. Clean Your Land Up First, you want to ensure your land is clean and nice.

  • Ways To Find Home Sellers When You Want To Buy A House

    You might start shopping for a home during a time when there are few houses for sale. If you shop during times like this, you are likely trying to buy a home in a seller's market, which simply means homes are being bought quickly. Home prices tend to rise during a seller's market, and buyers often face challenges finding homes to purchase. If you want to buy a house during this time, here are some tips that might help you find more home sellers in your area.

  • Recommendations To Prepare For An Upcoming Home Appraisal

    The increase in property values across the country has been a setback for those looking to buy their first home. But if you already own a home, you can benefit from these increases with a boost in your home's value to help you refinance your mortgage or borrow against some of its equity.  However, to take advantage of your home's equity growth, you will need to hire a professional appraisal on your home to evaluate its value based on many different factors, including its condition and appearance.

  • 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.