Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • How To Find The Right Fixer-Upper To Buy?

    If you have never owned a home and feel like you cannot afford a nice one, have you considered buying a fixer-upper? Buying a fixer-upper is a smart move if you want to become a homeowner and have the skills to repair and renovate homes. If you do not know much about home repairs and renovations, this might not be the best idea. If you know a lot about home repairs and want to buy a fixer-upper, here are some tips to help you find the right one to purchase.

  • How to Buy a Single-Family Home

    Buying a house might seem like a complicated process, but it really is not that difficult. You can break down the process into five steps. Each step takes some work, but people do this all the time. If you are ready to start shopping for a single-family house, read on to learn more about the basic five steps you must take. Step 1: Get Approved for a Loan Most real estate agents recommend getting approved for a mortgage loan before shopping for a house.

  • What Are The Top Reasons People Buy New Homes?

    When you decide to buy a house, you have options. You can choose the location of the house, the price, and the house itself. You can also choose from used homes to brand-new ones. Many people prefer buying used houses, but others prefer new ones. What are the top reasons people choose new ones? Well, there are many reasons, and here are some of them. Everything Is New One of the top features you will find in a new house is the newness of it and everything it contains.

  • Should You Buy Residential Or Commercial Property As Investments?

    Investing in real estate is a great way to make money, but you must know how to pick the right properties. If you want to start investing in real estate, you can purchase residential properties or commercial properties. Which is better? Is there a difference? There are some differences between owning residential and commercial properties, and here are several things to consider as you decide which type to purchase. The Differences in Property Usage

  • Should You Rent An Older Apartment Or A New One?

    One of the decisions you will need to make when renting an apartment is, should you go for an older apartment building or opt for a new one? While it's true that an older apartment building might offer a bit cheaper rent depending on the location of the building, they might not have exactly what you are looking for inside. There are advantages to both older apartment rentals and newer ones.

  • 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.