Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

  • How Home Inspectors Put Money In Your Pocket As Home Buyer

    Before you buy a home, you should have home inspectors give the property a look. Whether your potential new home has an issue that the real estate agent or the current homeowner has missed or you just want peace of mind knowing you're going to get a great house that won't incur sudden or expected costs down the road, a home inspection is worth great value to you. Home inspectors can even help put money back in your pocket as a home buyer, even as they cost around $400 or more to do the work.

  • The 6 Features Modern Luxury Home Buyers Want To See

    As it often goes, what constitutes "luxury" when it comes to homes can change and evolve over the years. What was once considered a luxury single-family home several decades ago would seem outdated by modern-day standards for a lot of buyers. Whether you are in the middle of buying your own luxury home or working with a real estate agent to sell the one you have, it can be helpful to know what features are most desirable.

  • 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.

  • 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.