1. why do i need to pay for an appraisal?

    Question: If we’re buying a house. It will cost us $500 to get an appraisal. Given free online estimates this seems like a huge waste of money. Isn’t there a cheaper way to value houses? Answer: I hope you’ll pay the $500 and get an appraisal when purchasing a residence. Here’s why: At the…Read More

  2. How to Drop Private Mortgage Insurance (PMI)

    Private mortgage insurance protects your lender in case you default on your home loan -- and you have the privilege of paying for that protection. Your lender will typically require you to buy private mortgage insurance if you purchase a home with less than 20% down, or if you refinance a home and t…Read More