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Insurance

Private Mortgage Insurance - What is it and Will You Need it?

In the market today there are many ways to help protect lenders and borrowers. Because borrowers are more likely to default on their loans than lenders, Private Mortgage Insurance has become a popular way to keep from defaulting on a loan. This helps reduce the number of...

With a Little Help From my Lender

There are many unexpected things that happen in a person’s life and therefore, to a person’s property. There are unexpected events and you well end up fixing a hole that you have dug for yourself already. However, you will have to admit it’s getting...

Avoiding private mortgage insurance

When looking into the different home loans and term agreements, be sure to look for the Private Mortgage Insurance costs which is required on all loan signings that have a loan-to-value ratio 80% or greater. This means that a home bought for $100,000 with a down payment of...

How to Use Piggyback Mortgages to Avoid Private Mortgage Insurance

A home is a great investment for your life because of the overall appreciating financial value as well as the secure location to live for as long as you want. The problem occurs when the cost of mortgage payments outweighs the overall investment your going to make on the...

PMI

Private mortgage insurance (PMI) is insurance that protects a lender or investor against loss if a borrower stops making mortgage payments. It makes it possible to buy a house with as little as a three to five percent down payment, helping you buy a home sooner than you...

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