Posted by NewBuyer on December 4, 2009 | No Comments
A high quality look at the definitions of a down payment, closing costs and private mortgage insurance in reference to the home closing process. Learn that a down payment for a home can be between 3% and 20%. The resource will help you decide how much of a down payment works for you. See what factors make up closing costs and whether you will need to purchase private mortgage insurance.
Source: Freddie Mac
Read More About Closing on a Home at Newbuyer.com
Posted by NewBuyer on November 29, 2009 | No Comments
A high-quality look at the definition of private mortgage insurance and its pros and cons. See that PMI is not inevitable and how to make your PMI premiums tax-deductible. Learn about the drawback of having PMI premiums included in your loan’s interest rate, a loophole available for homeowners who obtained their loans on or after July 29, 1999 and the Homeowner’s Protection Act of 1998.
Source: Realtor.com
Read More About Private Mortgage Insurance at Newbuyer.com
Posted by NewBuyer on November 17, 2009 | No Comments
An essential look at when you can cancel your private mortgage insurance. Topics covered are: the PMI law (i.e. The Homeowners Protection Act of 1998) and its limitations, whether you are paying too much for PMI, how PMI benefits first time home buyers and the discontentment surrounding PMI.
Source: Insure.com
Read More About Private Mortgage Insurance at Newbuyer.com
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