PMI explanation
PMI explanation What is PMI? Here is my PMI explanation. When your loan officer talks about PMI they mean Private Mortgage Insurance. Primary Mortgage Insurance (PMI) is required by the lender if don’t put 20% down. …
Category: Buyer Tips
Did your bid really go in? Metro Detroit real estate information
Did your bid really go in? Metro Detroit real estate information I got a call a few weeks ago from a Metro Detroit real estate buyer. He was all upset with a …
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Cash home sales -proof of funds explanation
Here is a “proof of funds” explanation when you are buying a home cash. It is very simple actually. The bank or the seller wants to know if you really have the money. If they didn’t ask for proof of funds people …
Don’t be afraid of asking questions when buying a home
Don’t be afraid of asking questions when buying a home You should never be afraid of asking questions when buying a home especially if it is your first time.It is your agents job to …
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What do sellers concessions mean? Canton Township real estate Michigan
What do sellers concessions mean? Canton Township real estate Michigan So you are you buying a piece of Canton Township real estate and you want to know what sellers concessions mean? If you are a Canton Township home buyer and you don’t have the enough …
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