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...
I’m afraid to sell my house

I’m afraid to sell my house

“I’m afraid to sell my house.” Does this sound familiar? It might be something you’ve thought, or maybe you’ve heard it from friends or family. With houses often fetching top dollar due low inventory in Kansas City, many people want to sell their homes and move up,...
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...

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