What is a Mortgage Buydown?
With the recent increases in mortgage rates, homebuyers are seeing their purchasing power go down as their potential monthly payments increase. As a result, some buyers are questioning if they should wait to purchase a home in hopes that mortgage rates will go down in the future. However, that may not be necessary if you […]
Private Mortgage Insurance: What is it, How Much Does It Cost, and the Different Types
Private mortgage insurance, or PMI, is a type of insurance that helps protect lenders in the event that a borrower defaults on their mortgage. It’s important to note that PMI isn’t required for all mortgages, but it is typically required when a borrower puts down less than 20% of the home’s purchase price. In this […]
