The Realities of Private Mortgage Insurance or Pmi
August 7, 2010 by
Filed under mortgage insurance
Private Mortgage Insurance or PMI is defined as the insurance policy paid by the homebuyer when the amount of their primary mortgage is greater than 80% of the value of the property. Reading the definition again, take into account the words “primary mortgage” this is because its not the total of all the mortgage [...]
The Realities of Real Estate: The housing market catches fire in April
May 17, 2010 by
Filed under reverse mortgage
The Realities of Real Estate: The housing market catches fire in April
For Realtors, April was a flashback to the good old days. Along with the azaleas, homebuyers were in bloom, and the number of contracts written spiked to levels not seen for many years. In Anne Arundel County, a total of 839 homes went under [...]