Say you buy a house with a down payment of less than 20% or even if you refinance with less than 20% equity. In each case, your lender will require you to buy mortgage insurance. The idea of paying a mortgage insurance is to reimburse your lender if you default on you home loan. When a private company sells the insurance, the insurance is known as private mortgage insurance or PMI. You pay monthly premiums when you get a loan. Continue reading “Mortgage Insurance”
Both FHA Loans and Conventional Loans are popular loans among homebuyers. It may not always be so clear which loan to get when buying a home. In this blog post, I will be delineating the pros and cons for both FHA and Conventional Loans. This way, the applicant or potential borrower will find it easier to differentiate the two. Furthermore, the potential applicant—YOU—will know which loan to get! Continue reading “FHA Loans vs. Conventional Loans”
Is retiring mortgages early a good idea for a borrower? Doesn’t it sound good to not have to worry about monthly payments for the house you bought? I mean think of all the other things you can put your energy towards.
Yes, it sounds like a good option. However tempting it may be, you must consider the opportunity cost for paying off the loan. For instance, there may be other goals or investment options you are considering. Additionally, it is important to note the impact it would have on your tax situation. In this blog post, I will elaborate on the pros and cons of paying off one’s mortgage early.
Continue reading “Is it a Good Idea to Pay Off your Mortgage Early?”
What is the difference between Mortgage Pre-qualification v. Pre-approval?Before I elaborate on the difference between a pre-qualification v. pre-approval, I will give a brief outline on the difference between the two processes. Continue reading “Pre-qualification v. Pre-approval”
Should you consider using a mortgage broker when buying a house?When you are looking to buy a new house, you are usually trying to find a perfect mortgage loan for the property. Moreover, finding a perfect mortgage loan that fits your financial needs and even your lifestyle is a big job. Finding a good deal can mean that you can receive huge savings on interest over the loan’s life. Continue reading “Is getting a Mortgage Broker Worthwhile?”
Woodland Hills is situated in San Fernando Valley, Los Angeles, United States with the population of 65,820. The air pollution index in Banning approximately 119.0. The weather temperatures, on the other hand, oscillate between a high point of 95.00° F in July with a low point of 40.00° F in January. Continue reading “Woodland Hills”
Winnetka, based in San fernando Valley, California, United States with the population of 47,400. The air pollution index in Winnetka approximately 117.0. The weather temperatures, on the other hand, oscillate between a high point of 95.00° F in July with a low point of 39.00° F in January. Continue reading “Winnetka”
West Hills is situated in San Fernando Valley, Los Angeles, United States with the population of 105,100. The air pollution index in West Hills approximately 117.0. The weather temperatures, on the other hand, oscillate between a high point of 95.00° F in July with a low point of 39.00° F in January. Continue reading “West Hills”
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