Unpacking single-premium PMI

Unpacking single-premium PMI

I call PMI a necessary evil. Without it, banks wouldn’t lend to borrowers that don’t have at least 20 percent equity in a home. Most people that are aware of PMI aren’t aware of the payment options that are available, however. Most borrowers that have PMI pay it the...
Earnest money: what is it?

Earnest money: what is it?

Put simply, earnest money is money paid to confirm a contract. In the lending industry, earnest money is part of nearly every single real estate purchase contract. Earnest money tells a seller that a buyer is serious and prevents said buyer from making offers on...
Equity = Improvements

Equity = Improvements

We’re at that time of year again. Spring is right around the corner, and homeowners are trying to scratch the itch. They’re starting to wonder if it’s time to consider moving to a new home or improving the one they currently live in. While most of us love (or really...
Warning – they’re still out there

Warning – they’re still out there

I was speaking to a potential client the other day and our discussion reminded me that they’re still out there. The creation of added regulation, testing, and licensing requirements certainly thinned out the herd, but they’re still out there: bad loan officers. What...

Pin It on Pinterest