Academy Mortgage continues to answer home buyers’ top 10 questions about mortgages in this week’s Mortgage Minutes. In this edition, Academy Mortgage answers the commonly-asked question, “Will I have to pay private mortgage insurance?” Private mortgage insurance, also known as PMI, is dependent on the type of loan you receive and the down payment amount. Some loans require no PMI, such[...]
Have you recently purchased a home or are looking to purchase a home, and you've noticed a mortgage insurance fee? If you're not quite sure what that is, you aren't the only one. Many homeowners and homebuyers are confused or unaware of mortgage insurance, but it's not something that should be ignored. Mortgage insurance was created in order to protect the[...]
Everyone knows that it is a great time to buy. With home prices at all time lows and fantastic insurance rates as low as 4 percent for 30 year loans, it is a great time to be looking at Atlanta real estate and buying new homes. Equifax blogger Sam Tamkin shares some information about home buying and getting a mortgage in his[...]