NewBuyer Blog

Private Mortgage Insurance

Posted by Elizabeth Dennis on January 13, 2010 | No Comments

A high-quality look at private mortage insurance, also known as PMI, mortgage insurance, or MI.

See how choosing to carry private mortgage insurance can get you into a home sooner by removing the need for a large down payment.  Also learn how a piggy-back mortgage loan can accomplish the same goal as PMI by getting you into your new home with less down than the standard 20% down.

Understanding Closing Costs

Posted by NewBuyer on January 13, 2010 | No Comments

An essential guide to understanding home closing costs. Descriptions of lender fees, third-party fees and government fees are well documented. From the resource: “Generally, the buyer pays for closing costs – but this can be negotiated with the seller. Your lender should provide a good faith estimate of your closing costs within three days of applying for a mortgage. Here are some common closing costs.”

Source: USAA

Read More About Closing on a Home at Newbuyer.com