Why Do I Need Mortgage Insurance?
Mortgage Insurance, sometimes referred to as Private Mortgage Insurance, is required by lenders on conventional home loans if the borrower is financing more than 80% Loan-To-Value. According to Wikipedia:…
Who Owns My Home If I Have A Mortgage?
Many borrowers believe that when they purchase a property by obtaining mortgage financing, they also own their home. Technically speaking, full ownership on a property only happens once the mortgage loan…
Shopping For A Hazard Insurance Policy
When shopping for a hazard insurance policy, something called "bundling" can actually save you quite a bit of money that most people aren't aware of. Many of the big insurance…
How Do I Calculate My Mortgage Payment Without Using A Mortgage Calculator?
Calculating an exact mortgage payment without a calculator on a loan is no small task, but there are some simple rules-of-thumb you can use to get a close estimate. With…