Private Mortgage Insurance

Insurance

How Changes in Your Insurance Premiums Can Affect Your Mortgage Affordability

Overview When navigating the world of homeownership, most people are well-versed in the fundamental factors that affect their mortgage affordability—income, credit score, and loan terms, to name a few. However, there’s a less frequently discussed yet critical component that can significantly impact your mortgage affordability: insurance premiums. This element might not be top of mind […]

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Insurance, Mortgage

Understanding the Role of Private Mortgage Insurance (PMI) and How to Avoid It

Introduction Private Mortgage Insurance (PMI) often feels like a hidden cost that sneaks into the world of home buying. For many first-time buyers, it’s a term that can stir confusion or even frustration. However, understanding what PMI is, how it works, and the strategies to avoid it can empower you to make more informed decisions

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