When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mo…Read More
If you're like most of us, you're probably not new to the concept of insurance. Car, renters, health insurance... it's nearly impossible to be an adult without having had to secure a policy somewhere along the way. Nevertheless, the number of insurance policy types that come with homeownership can …Read More
Below are some of the terms you’ll be running into most often. For a more complete list, you can always head to americanmortgagecorporation.com for a breakdown of even more mortgage terms. Private Mortgage Insurance (PMI) and Mortgage Insurance Premium (MIP) play pretty much the same position w…Read More
If you are interested in buying a home and you plan to finance your home with a mortgage or home loan, a monthly mortgage payment is likely in your future. For those who rented a home or apartment previously, the concept of making a monthly payment is a familiar one. However, as a homeowner making …Read More
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