First of all, check with your Loan Officer to insure that the funds you presently have for your down payment are acceptable based on the loan program you intend to use. Hopefully you have committed to a specific real-estate agent and they can be a good source to learn about any State or local … [Read more...]

How Can We Remove Our Private Mortgage Insurance? Private Mortgage Insurance (or PMI, or MI) is an additional monthly fee required by most lenders when your down payment on a home or refinanced equity position is less than 20 percent. This money pays an insurance premium which protects the bank in … [Read more...]