Many people today believe that in order to purchase a home, you need a 20 percent downpayment. Studies show it's one of the most enduring home buying myths. In reality, the median downpayment among all home buyers is only about 10 percent. For... (Read More)
Do you feel like the mortgage industry has language all its own? You're not alone. Surveys show that many consumers get frustrated with all of the unfamiliar terms, acronyms and phrases that are part of the mortgage application process. At PRMI, we... (Read More)
The No. 1 challenge for most first-time home buyers? Coming up with enough of a downpayment. That's where the FHA home loan program comes in. It's one of the most popular mortgage programs available today for first-time home buyers with modest down... (Read More)
When buying a home, you get to make a lot of decisions. One of the most important: You often have the option of selecting a fixed-rate home loan or one with an adjustable rate. ARMs are attractive to some home buyers today because the introductory... (Read More)
Have you been watching mortgage rates and trying to decide if refinancing is right for you? There are a number of factors that go into the decision to refinance your home.
Refinancing is more than just an opportunity to get a new mortgage rate... (Read More)
If you're in the military or retired from it, you most likely have heard about the VA loan. This loan is for a home and comes along with many benefits.
Those who are getting ready to buy a home and want to use a VA loan will be interested in... (Read More)
You want to sell you home quickly and for the highest possible price. But professional home staging can cost hundreds or thousands of dollars. The good news? There are plenty of things you can do to stage your home yourself for much... (Read More)
Feel like you missed the low mortgage rate window? Think again. Mortgage rates remain near historic lows, providing a unique opportunity for many to buy a home or refinance.
Did you know that in the early 1970s, mortgage rates hovered between the... (Read More)
Should you continue to rent or is it time to buy? Generally, the more time you plan to live in a home, the more sense it makes to buy. If you have just moved to a community, renting — at least initially — may be a better option as you get to... (Read More)