Lenders often require borrowers to pay for private mortgage insurance (PMI) on top of their mortgage loan. PMI is a type of insurance that actually protects the lender, not the borrower, against default and loss. If the borrower contributes less than a 20
May 16, 2023 |
As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w
May 09, 2023 | Purchasing a Home
How to Effectively Move Your Home and Office While Starting a Business Starting a business is no easy feat. It takes a lot of time, effort, and dedication to get everything up and running smoothly. But what if you also have to move at the same time? Movi
May 04, 2023 | Purchasing a Home
After making all your mortgage payments for several years, you suddenly get a check in the mail from your escrow account. If you didn’t pay close attention during your mortgage closing, you may not even remember what an escrow account is. Here&rsquo
May 02, 2023 | Purchasing a Home
If you are in the market for a home loan, an adjustable-rate mortgage may be very attractive in today’s higher rate climate. If you’ve looked into ARM loans, you may also have come across the term “convertible ARM.” If you’re unfamiliar with this product,
Apr 25, 2023 | Purchasing a Home
Make Your First Investment Property a Lasting Success All real estate investors started with their first property. You are no different, and you are now at an exciting moment where you can turn an idea into an income. Owning rentals is a business that ca
Apr 20, 2023 | Purchasing a Home Investment Property Rental Income