Browsing Tag

home equity

Mortgage Advice

Is Private Mortgage Insurance a Bad Thing?

on
October 29, 2015

As we have mentioned in a previous blog post, private mortgage insurance (PMI) is very similar to property insurance. However, instead of protecting the homeowner against damage done to…

Mortgage Advice

How Does a Reverse Mortgage Work?

on
October 25, 2013

This is a guest blog post from John McParland, vice president of Colonial Mortgage, a division of Ross Mortgage Corporation located in Livonia, MI.

In my last blog post, “How to…

Mortgage Advice

How to Use a Reverse Mortgage to Your Benefit

on
October 11, 2013

This is a guest blog post from John McParland, vice president of Colonial Mortgage, a division of Ross Mortgage Corporation located in Livonia, MI.

What if instead of paying your…

Mortgage Advice

Demystifying the Difference Between FHA and Conventional Mortgage Insurance

on
July 12, 2013

If you’re interested in a conventional mortgage or FHA mortgage loan that requires little to no money down, you’ll probably hear the term private mortgage insurance (PMI) tossed around…

Mortgage Advice

How to Avoid Paying Private Mortgage Insurance (PMI)

on
November 28, 2012

When it comes to buying a home, there are a lot of unavoidable expenses, like inspection fees, down payments and closing costs, just to name a few. If you’ve…