October 4, 2018

First off, what is private mortgage insurance (PMI)?   Private mortgage insurance is a type of mortgage insurance that a buyer might be required to pay if they have a conventional loan.  PMI is designed to protect the lender if the homeowner stops making monthly payments on the loan.

June 21, 2018

When I was at our Fork + Spoon Supper Club on Tuesday night, I was asked a really interesting question in regards to buying a home.  The question was, “What income do I need to buy an X priced home?”  I thought this was a perfect topic to talk about for this week’s Real Estate Tip of the Week.

March 8, 2018

Did you know that your credit score and credit report play huge roles in the kind of mortgage that you get? They are the two essential elements that mortgage lenders use when deciding whether or not to approve you and what kind of mortgage rates they will give you. If you don't have a good credit score, it can even prevent you from getting a mortgage at all. Whereas a higher credit score reflects a strong credit history and puts you in a position for the lowest possible mortgage rates.

December 21, 2017

Since a house is something that most people make payments on for a large majority of their life, I want to stress the importance of understanding compound interest. So let’s run through an example of the different types of mortgage loans at different interest rates so you can get a better understanding of how much you are really paying for the house over the set loan period.