This website provides information on the different fields and levels of real estate as well as the different terms used in the real estate business. Both residential and commercial real estate topics are covered.
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Have you built up a fair bit of equity in your home? You may qualify to cancel private mortgage insurance and save hundreds, or even thousands, of dollars a year.
Federal law may save you hundreds of dollars each year
Depending on your situation, there may be alternatives to expensive PMI.
You can do it yourself once you have enough equity, or wait for the lender to do it for you.
Worries about buying a home at the 'top' of the market shouldn't overwhelm your decision-making process.
Sans a 20-percent down payment, you'll need to pay for either a second loan or lender's mortgage insurance.
Q: I've saved $20,000 to put toward the purchase of a home. The home I'm interested in buying, however, costs $200,000 and I've been told that unless I can come up with a larger down payment, I'll need to take out private mortgage insurance. What is this and how does it work?
PMI lets you buy a house with less than 20 percent down -- in exchange for higher payments.