by Sal Shakir | Oct 1, 2019 | Blog, Housing 101
When it comes to buying a home, there are a lot of terms to learn. HOA, ARM, APR, PMI…it quickly turns into alphabet soup. Before you know it, you’re left scrambling to understand what comes next. One of the most confusing terms you’ll come across is...
by Sal Shakir | Apr 2, 2019 | Blog, Real Estate Questions
Private mortgage insurance (PMI) is necessary for those who do not have enough savings to put at least a 20% down payment on a home. PMI typically costs between 0.2% and 1.5% of the loan’s balance on an annual basis. The total amount you pay for PMI ultimately...
