Pros and Cons of Private Mortgage Insurance
While it is often misunderstood, private mortgage insurance is not necessarily a cost for buyers to focus on avoiding. Let’s review PMI and all its pros and cons!
While it is often misunderstood, private mortgage insurance is not necessarily a cost for buyers to focus on avoiding. Let’s review PMI and all its pros and cons!
Pay off your home loan faster and save more money in the process by following these 5 easy tips!
If you are a first-time homebuyer, you might think that the price tag on the home is the only cost involved for a mortgage. However, there are other expenses that might catch you off guard. If you’re shopping for your first house, prepare for these additional, and often unexpected, homebuying costs.
Have interest rates gone down from when you originally financed your home? Has your financial situation changed since you bought your home? Has your home value increased? Answering “yes” to any of these questions could mean it’s a good time to refinance your home.
So what exactly is mortgage insurance, and how does it affect your home loan?
ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, AR, CO, DC, FL, GA, IN, KY, MD, NC, OH, OK, PA, SC,
TN, TX, VA, WA, WV | 308 Market St SE, Roanoke, VA 24011
ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, AR, CO, DC, FL, GA, IN, KY, MD, NC, OH, OK, PA, SC, TN, TX, VA, WA, WV |
308 Market St SE, Roanoke, VA 24011