If you take out a home loan in Oregon and put less than 20% down, you’ll be required to pay for private mortgage insurance (PMI for short). PMI won’t insure you, but rather the lender. Primary Residential Mortgage, Inc. notes that it protects your lender against financial losses in case your property goes into foreclosure.
The main purpose of reverse mortgages was to aid seniors in fulfilling their financial needs by allowing them to use their home equity. Nowadays, however, many seniors are realizing that they could use their reverse mortgages as practical financial planning tools. Here are some ways reverse mortgages could be used in retirement planning: Delaying your pension
Getting a mortgage to purchase your first home is almost always unavoidable. It comes with the convenience of payment spread over a period of time. If you think you are paying a high monthly mortgage, there are some ways you can lower the cost of payments by checking out these tips. The Right Mortgage Company
Time has become ripe again for people who wish to refinance their mortgage loans in Utah, and anywhere else in the country. Mortgage rates have dipped lower from 4.16% to 4.14%. As a result, borrowers — particularly, refinancers — have increased by 3.6% in the current week. You can follow in the footsteps of those refinancers