The Flexibility you Need: Benefits of Home Equity Lines of Credit

You may wonder what the differences between home equity loans and home equity lines of credit are. Home Equity When you have a mortgage on your home but the value of the property exceeds the amount owed, the difference between the outstanding debt and the property value is referred as Home Equity. This remaining property value can be used to guarantee …

The Flexibility you Need: Benefits of Home Equity Lines of Credit Read More »

Dazed and Confused: What Kind of Private Mortgage Insurance (pmi) Should You Choose?

So, you’re putting less than a 20% down payment on the house you are buying and you are getting a conventional loan. Your lender has given you the option of paying a monthly private mortgage insurance (PMI) premium or offering you a higher rate where the lender pays it, known as lender paid mortgage insurance (LPMI). …

Dazed and Confused: What Kind of Private Mortgage Insurance (pmi) Should You Choose? Read More »