Do You Need Private Mortgage Insurance?

Do You Need Private Mortgage Insurance?

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    Seniors have some unique housing needs that will have to be met if they are to maintain a high quality of life while also being safe. In this regard, there are apartment complexes that are designed with the needs of senior residents in mind. Provide Better Accessibility Many seniors will have a range of health problems that could limit their mobility. For these individuals, living in an apartment complex that is designed to maximize accessibility can be necessary for them to make full use of the property and the amenities.

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  • About Me

    Do You Need Private Mortgage Insurance?

    Welcome to my website. My name is Larry Silva, and I want to talk a bit about private mortgage insurance. You may have heard the term PMI mentioned when you were in the process of purchasing real estate. When I first heard my lender talking about PMI, I was very confused. It was my realtor who sat me down and explained what private mortgage insurance was and when someone is required to purchase it. He told me that PMI is not lifelong insurance; it can be cancelled when the mortgage principal balance reaches a certain point. Once it was explained to me, private mortgage insurance was no longer a mystery or a confusing concept. I would like to pass on what I learned and hope that you find it to be of value.

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