Mortgage Purchase | Understand PMI

Mortgage Purchase | Understand PMI

You are considered as a high risk borrower if your down payment is below 20% and in such a scenario, you’ll require a Private Mortgage Insurance (PMI). The cost of PMI will be borne by you and therefore, save up enough money to at least make 20% down payment. http://www.awmlending.com/mortgage-purchase.php

Avoid 4 Mistakes While Taking Your First Home Mortgage

4 Mistakes to Avoid While Taking Your First Home Mortgage

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First time home buyers face a lot of challenges that include, getting approved for a mortgage, finding a good agent, searching for the perfect home and - most importantly - staying within a budget. These challenges lead to potential buyers committing a few mistakes. Some of the most common ones are as follows: http://www.awmlending.com/mortgage-purchase.php