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No Need to Fear the Topic of Private Mortgage Insurance if you Know the Facts

If you’ve done much research regarding mortgage financing, you’ve probably heard the term “Private Mortgage Insurance” … You may have also heard that Private Mortgage Insurance is scary or should be avoided.  But in reality, in the right situations … it can be the solution to your home buying and financing challenges. What do I mean? Let me start by explaining …

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Looking for Help Paying the Mortgage? How About a Granny Flat

If you are a Los Angeles homeowner and are finding  that your monthly mortgage payments are taxing you a little too much or simply would like extra income, maybe you should consider going the Granny Flat route also known as ADUs – Accessory Dwelling Units. Los Angeles homes for sale by community So what is …

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How Will Rising Mortgage Rates Affect Los Angeles Real Estate Market?

We have all heard the news of the Federal interest rate hike of .25% and if you are in the market to buy a home you may be wondering how rising mortgage rates will affect the Los Angeles real estate market. Reproduced with the permission of Mortgage-X.com Firstly, this all needs to be put into …

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The Pros and Cons of Private Mortgage Insurance (PMI)

Gene Mundt is a Chicago Mortgage Lender who is an excellent source for all things mortgage-related. Here is another gem from him: Although the term “PMI” … Private Mortgage Insurance … is seen and heard frequently, there remains a shroud of mystery surrounding it … When I first speak with potential Chicagoland – IL/WI Borrowers, they sometimes have a negative …

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The Importance of Verification of Funds in Mortgage Process

One topic … one direction provided during the Mortgage Process that seems to baffle and frustrate my prospective home buyers during their Mortgage Process, surrounds the sourcing and documenting of Down Payment and Closing Cost Funds. When I touch upon this portion of the Process I often hear the comment, “it shouldn’t matter where the …

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