East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. A house bought for $200,000, for example, may carry PMI fees until the loan is paid down to $160,000.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Assurance Financial

NOVEMBER 9, 2021

In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). Read on to learn more about how private mortgage insurance can allow you to purchase a home, even if you don’t have enough resources to make a standard down payment. What Is PMI? Is PMI Good or Bad?

Insurance 41

Insurance Mortgage Home Value Finance 41

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels.

Investing 36

Investing Property Taxes Real Estate Renovations 36