How to Ace Your Home Purchase or Refinance ApplicationIn matters of homeownership, it should cost you less to know more about how mortgages - purchase or refinance - work. This makes for a better transition from homebuying to homeownership. Don’t focus on the rates just yet, but on certain areas Read more
Weighing the Pros and Cons of Private Mortgage Insurance
Private mortgage insurance is an expense related to taking out a mortgage. It can be avoided but most of time where low down payments are concerned, you just have to make a room for it in your monthly mortgage payment. Is it really that bad to have a PMI? Is PMI of any benefit at all?Interested Read more
Conventional vs FHA Refinance, Which Is a Better Option?
Refinance is the route you take when you want to make your mortgage debt easier to repay, more affordable in the long run. But with an array of refi options available in the market, it can be a challenge to go through every possible refinance program. For the interest of borrowers and would-be Read more
Mortgage Insurance: Who Pays and How?
Let’s face it, not everyone can afford to put a 20% down payment on a home. In the era of 3.5% and 5% down payment mortgages, homebuyers are able to buy and own a home at lesser costs. But of course, they have to take out a mortgage insurance to cover the risk of default.And borrowers of Read more
How to Avoid Paying Private Mortgage Insurance?
Paying private mortgage insurance is something most people try to avoid. Luckily, there are more strategies than just putting more than 20 percent down on the home, which most people cannot afford. With a little creativity, you can find ways to avoid this insurance which can add a significant amount Read more
