What is PMI? When a borrower mаkеѕ a dоwn рауmеnt of lеѕѕ than 20 реrсеnt, the lender requires thе borrower to buу рrivаtе mоrtgаgе insurance, or PMI. Thiѕ рrоtесtѕ thе lender from lоѕing money if the borrower еndѕ up in fоrесlоѕurе. PMI is аlѕо required if a bоrrоwеr rеfinаnсеѕ the mоrtgаgе with lеѕѕ thаn 20 [...]
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So far adhm has created 11 blog entries.
One of our biggest dreams in life is owning a home. Also, buying a house is never an easy task. The reason why preparation is necessary is because homes are expensive. If you’re planning to buy a home, you must be prepared for the out-of-pocket costs that come with it. Once you complete the gruelling [...]
Veterans of the U.S. Military or National Guard should have the greatest benefits. Their lives have been compromised protecting the country and its citizens. As a way of giving back to them, the government instituted the Veteran Home Loan Program entitling veterans to avail housing without cashing out a single cent from their own pockets [...]
One of the moments that mark an extraordinary passage in one's life is when you are buying your first home. You are progressing from being a renter to being a proud home owner. First time home buyers are often overwhelmed when it comes to all the decisions that have to be made as to [...]
Times are tough for everyone nowadays with home values plummeting, job cuts, and the stock market fluctuating at degrees of absurdity; the last thing a homeowner needs is to be tricked or scammed by a crook. The newest trend in criminal activity toward homeowners is mortgage scam and tricks. This crime is devious, deceptive, and [...]
Purchasing a home is one of the biggest decisions that you will make in your lifetime, so it is important that you do so with the loan that is best for you. There a numerous loans out there, including conventional mortgage loans, and each with its out set of pros and cons. This article will [...]
So, you just found the best home that suits you and your loving family, but you don’t have the down payment? Then you just found the gold mine for you and your family. We are happy to share with you, our new discovery to the NO down payment trend! Trying to save enough for a [...]
Buying your own home rather than renting is everyone's dream these days. But if you have had a financial mishap, such as missed credit payments or debt defaults, it can be challenging to get a loan. Mortgage companies will always check your credit score before they approve any house loans and if you have had [...]
Once you have discovered the house that you want to call home, it is time to decide what type of mortgage option is right for you financially. Buying a new home can be very expensive so choosing the best mortgage loan should be your top priority. Choosing the right mortgage to fit your needs and [...]
A home is a solid investment and one of the most significant that any individual or family can make. Just like any investment, wise and careful planning are the most vital keys to get the most from your investment. If you are a homeowner, then there are many things you can do to improve the [...]
Shopping for the best mortgage rate can be stressful and often, borrowers may feel that they have been lied to when they are not offered the rate that the lender was advertising or that they were expecting to get. However, there is a reason for this. There are ten factors that affect the mortgage rate [...]