What is PMI? PMI is an acronym for Private Mortgage Insurance. If you’re buying a home and pay less than a 20% down payment you will be required to pay PMI each month. It is an insurance that is paid to your lender in case you default on your mortgage loan. PMI removal requires certain […]
Appraisals Are Not Just For Mortgage Financing: Non Traditional Uses
March 9, 2011 By 2 Comments
Most people only think about real estate appraisals when they are buying or refinancing a home. In truth real estate appraisals are used for many other “non traditional” uses. Appraisals are required any time the value of real estate is needed. The value may be as of the date it was inspected or it could […]
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