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mortgage info

Financing & Insuring

5 Resources for Navigating Mortgage Options

September 4, 2020

With so many available mortgage options, it can be confusing to know which path is right for you. The following online resources can help you understand the differences between loan types and answer other questions that may arise when financing your dream home. Fannie Mae® This site has information on everything from estimating mortgage payments to general homeownership education. We especially like the Homebuying Myths vs. Facts section. Be sure to also check out the resources tab. Freddie Mac® The Tools & Resources section of…

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Financing & Insuring

How Does PMI Help Homebuyers?

November 12, 2019

If you’re familiar with private mortgage insurance (PMI), your gut reaction to that question is probably: it doesn’t. After all, the insurance is paid for by the homebuyer and it only protects the lender. Most articles about PMI focus on how to avoid paying it (have a 20% down payment ready!) or how to stop paying it (bring your loan-to-value ratio down to 80% and start the cancelation process). But, there are reasons so many people decide to go with a loan despite its PMI…

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