Real Estate Blog

Mortgage insurance or Private Mortgage Insurance, by definition, is insurance against a borrower's default, or insurance that a lender obtains against non-repayment of mortgages. In simpler terms, it is insurance that a borrower will pay to a bank, so that the bank is protected against sudden loss and non-payment by said borrower. It might not sound like the most exciting form of insurance, but for some home buyers it is the helping hand they need to get into a home. Traditional conventional financing on a purchase will typically require a 20% down payment, for some buyer-hopefuls this is not an affordable program. Mortgage insurance allows borrowers to attain a home loan for as little as a 5%, 3.5% or even 0%-down payment.

On a low down payment loan

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Your home purchase is more than likely going to be the largest investment that you will make in your lifetime, so it is important to make sure you are represented fairly and are getting the best value for your purchase. While every aspect in a purchase is important, there are a few key points in your contract that can make or break your deal, and knowing when to walk away if needed is powerful knowledge to have on your side.

Unrealistic Price.  We have all seen them. Whether the Realtor is clueless or the seller is ultra stubborn, some houses are simply priced too high. When writing an offer your Realtor will be able to do their own market research to determine a fair value for the home, which is the smart place to start with your offer. If a seller is

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