Archive for the ‘Mortgage Tips’ Category

What is PMI and How Can I Avoid it?

What is PMI and How Can I Avoid it?

PMI, also known as Primary Mortgage Insurance, is put into place to simply protect a lender in the event that a home buyer defaults on their mortgage. From the mortgage lender’s perspective, PMI is necessary in order to protect their investment and in turn, keep their rates […]

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What Percent of my Income Should be Devoted to My Mortgage Payment?

What Percent of my Income Should be Devoted to My Mortgage Payment?

Before purchasing a home, it’s important to determine the percentage of your income that you will be able to dedicate towards your mortgage. The first step is to assess your current income and outstanding debt and make an accurate but conservative estimate about the amount of house […]

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