The median projected expenditure for home improvements is $15,000, a sum that many homeowners simply cannot afford to cover themselves. As many as 91% of homeowners feel their property should need some repairs, so a home renovation loan could be a great way to cover those costs. Understanding the application process for a home repair […]
Tag: loan
Why and how do we use private mortgage insurance?
You might be in for a shock when you make your first mortgage payment. Private mortgage insurance, or PMI, is an optional extra that some lenders require borrowers to pay on top of the principal and interest payments. Certain types of conventional loans are ineligible for private mortgage insurance. You can choose to pay the […]