by David Steinbrugge
Mortgage Insurance (often called MI or PMI) is insurance that protects the lender in case you default on your loan. It usually adds an extra cost to your monthly mortgage payment. PMI is Private Mortgage Insurance – mortgage insurance on conventional loans...
by David Steinbrugge
Being preapproved means you have a clear idea of how much you can afford to spend on your first home This can save you time and stress in your home search Also, most Realtors require preapprovals before they work with you Being preapproved means your credit, income,...
by David Steinbrugge
Buying a home is a big decision that depends on many factors, such as your income, savings, lifestyle, and location. There is no definitive answer to when you should buy a home, but here are some things to consider: Buying a home can be a long-term investment that...
by David Steinbrugge
Buying down your mortgage rate means paying an extra fee at closing to get a lower interest rate and monthly payment on your loan. This can be a good option for some homebuyers, but it also has some drawbacks. Here are some of the pros and cons of buying down your...
by David Steinbrugge
Gresham first-time home buyers may feel daunted with all that the information that comes along with buying a home. However, they shouldn’t feel overwhelmed. By carefully educating themselves, they can ensure that they get the best experience when shopping for a...
by David Steinbrugge
Most home buyers, even beginners, know that you don’t settle on the first home you find. You’re meant to shop around. Something else you may not know, however, is that it’s wise to shop around for a mortgage, too. Finding the right mortgage loan is incredibly...
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