For many people, a home is their largest investment – and potential source of capital. Getting a second mortgage, or a home equity loan, can tap that equity for college, home improvements or other pressing financial needs. Steps: 1. Determine why you need or want a second mortgage. The level Read more…
Private mortgage insurance, or PMI, is required of most borrowers who have less than a 20 percent down payment. With PMI, even with a small down payment, you can still be an attractive mortgage risk to the lender. Steps: Identify the home you are interested in. Calculate the standard 20 Read more…
Private Mortgage Insurance, or PMI, is an additional monthly fee required by most lenders when the down payment on a home is less than 20 percent. Here are some ways to get around PMI. Steps: Gather or borrow enough funds to make your down payment greater than 20 percent. Buy Read more…
Why pay for a home inspection? A home inspection will help buyers uncover defects in a home before they invest. For sellers, getting a home inspection before the home goes on the market will avoid unexpected costs, delays or cancellations after an agreement has been reached. Steps: Include a clause Read more…
Contacting customer service can be a frustrating endeavor. Shift the balance of power into your hands and get what you deserve: efficient and effective problem resolution. Steps: Get organized. Have all of the necessary documents – serial numbers, product IDs, bills and service agreements – readily available before contacting a Read more…