When you visit an auto dealership to purchase a new car, truck or SUV you will most likely be presented with an opportunity to purchase an extended auto warranty. While buying a warranty is the right decision for some consumers, it’s not always the best decision for all situations.
Continue Reading Add comment September 27th, 2006
When it comes to buying a home, refinancing a home or considering a home equity loan, borrowers often have questions and concerns. One site we’ve found that is extremely helpful to home loan borrowers is The Borrower’s Guide.
At the site, you can read many different articles relating to mortgages and home equity loans. They also offer the ability to submit a form and get multiple offers from lenders who are ready to compete for your home’s loan.
To visit the site, go to http://www.borrowersguide.com today.
Add comment July 26th, 2006
Are you tired of paying PMI on your existing mortgage or are you considering applying for a new mortgage and want to avoid costly PMI payments?
We are proud to announce that we now offer an online application that will pair you with up to 4 individual lenders who will help you try and avoid PMI.
Add comment July 17th, 2006
With tax season just around the corner, many taxpayers are looking for any and all deductions possible to increase their refunds or minimize their payments, depending on their situation. Homeowners often benefit from being able to deduct mortgage insurance, late payments and any mortgage points paid during the year. But one question often comes up “is my private mortgage insurance (PMI) deductible?”
Continue Reading Add comment March 13th, 2006
When buying a new home without a 20 percent downpayment, many borrowers are forced to pay for costly private mortgage insurance or PMI. Although not all mortgage loans require PMI in these situations, any mortgage that is backed by Fannie Mae or a similar government type loan will require PMI payments.
Continue Reading Add comment March 9th, 2006
If you have a bad credit rating, then you might find that your ability to get financing, loans, and even some jobs is greatly diminished.
Once you have a bad credit rating, it might seem like there’s nothing that you can do about it
Continue Reading Add comment September 13th, 2005
If you are a homeowner, you will want to be aware of a new law that establishes rights for homeowners and rules for lenders regarding private mortgage insurance (PMI) cancellation. With this knowledge, you may eliminate premiums you may be paying unnecessarily.
Continue Reading Add comment September 7th, 2005
Premium prices vary. They are based on the size of the down payment, type of mortgage and amount of insurance coverage. Premiums typically are folded into your monthly mortgage payment.
Continue Reading Add comment September 7th, 2005
PMI payments can be dropped from your mortgage when your LTV falls below 80%. Most lenders will not automatically drop your PMI though.
Continue Reading Add comment September 7th, 2005
