Private mortgage insurance (PMI) is an extra expense many people pay with their mortgages. PMI is something a lender charges with conventional loans when homeowners borrow more than 80% of the value of a house they buy, and this extra fee is something they must pay until they build enough equity in the house they own. If you are currently paying PMI and believe that you now have enough equity to eliminate it, you could refinance to get rid of it.
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Buying a piece of real estate means different things for different people, but a lot of people look into buying townhomes. In a world where people want to live lighter and own property with a lower investment, a townhouse absolutely fits the bill.
When you're interested in buying a townhome, you'll need to consider the advice that will help you buy the ideal property and move in without a problem. Use these tips.
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If you are new to the home-buying process, there may be a lot of terms that come up during the process that you may not fully understand. One of the terms you might hear is the word escrow. Escrow is a word commonly used in real estate, and it is something you should understand when you are looking at homes for sale.
What does escrow mean?
The word escrow represents an account used by homeowners for certain types of expenses, and it can also refer to an account used during the process of buying a house.
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Listing your home for sale is a big event that you may need to prepare for months in advance, and you should be completely ready for this once you sign the listing agreement. After signing it, there are some things you should expect, and here are four of the top things you should expect once you list your home.
You may receive showing requests quickly
There are usually people looking for homes to buy at all times, and some people are just waiting for new property listings to appear, simply because they cannot find a house they really like.
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One of the features many buyers are looking for in a home is natural light. Natural light tends to be an attractive quality of a home, yet there are homes that do not have a lot of natural light in them. If you are trying to sell your house and feel that there is not enough natural light in it, here are some tips to consider that may help you increase and improve the lighting in your home.
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