If you’ve ever looked into getting a mortgage, you’re familiar with the term PMI. But how much do you know about it? Do you know what it stands for? What it is? How to avoid it? Let’s dig into PMI and how it impacts real estate transactions.
What is PMI?
Good news this week that the loan limits for a conforming loan is increasing for 2019. It’s worth understanding what conforming loans are, what the changes are and how it may impact buyers in our real estate market.
What’s A Conforming Loan?
One of the ever-present questions in real estate is “is now the right time to buy?” There are so many variables that people can look at. Some will confidently support “no” while others will champion “yes”. So how to make that decision on if it’s the right time to buy? Ultimately, it’s a personal decision, but there are some sold financing points that are worth taking a look at in order to make a well-informed decision.Read More
There’s no shortage of tech solutions when it comes to finding a mortgage. If you live on the Peninsula, you’ve likely seen the Caltrain wrapped in SoFi advertising and Rocket Mortgages (owned by Quicken Loans,) seems to be advertising on TV every other commercial. These, along with their main competitors Lenda and Guaranteed Rate, are great resources for home buyers. But are they the best way to go about procuring an actual mortgage?Read More