16 Oct 2013
By Mark Feder
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Get The Lowdown On Private Mortgage Insurance

Home Mortgage Tips
You may have heard the term Private Mortgage Insurance when looking to finance real estate. What is PMI, and how do you know when you need to purchase it? The answer can be hard to find among all the real estate jargon you're hearing lately. Below is the short version of what you need to know. What Is Private Mortgage Insurance? PMI is an extra insurance required by some lenders to offset their risk of you defaulting on your home loan. When you put down less than 20 percent of the real estate's value, your lender may tell you that…
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08 Oct 2013
By Mark Feder
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When Is It A Good Idea To Use A Home Equity Loan?

Home Mortgage Tips
A home equity loan is a type of loan that allows you to use the equity of your home as collateral. It is an option that home owners have available to them and that some people use to pay for major expenses such as home renovations, college education or medical bills. These types of loans became popular in 1996 because they provided a way for consumers to circumvent their tax charges for that year, which eliminated the deductions on the interest for most consumer purchases. It is a good idea to leverage your shelter for cash? What is a legitimate…
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