What is Title Insurance
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DO I NEED A HOME INPSECTION
Many People ask when purchasing a home DO I NEED A HOME INPSECTION? I know when purchasing a home you are trying to spend your money wisely but this is probably one of the biggest investments you will ever make. Protect yourself. No one can tell you you have to get a Home Inspection but if you had the chance to know if their was a safety issue or a costly repair that needed to be made to the home, wouldn't you want to know now?
Are you tired of paying rent but don't know where to get started?
Are you tired of paying rent but don't know where to get started? Attend our Home Buyers Class to get answers to your questions.
Is your credit where it needs to be to buy a home?
Is your credit where it needs to be to buy a home? Bad credit is not the end of the world it just may delay you from your dream of owning a home temporarily. DON'T GIVE UP. You can improve your credit and if you don't know how there are people who can help you. Contact me and i will be glad to help put you in touch with the right people. Melinda Lawson Georgia Evans Realty 615-933-7166 / 615-504-7874 buyorsellwithmelinda@gmail.com www.melindasellsmiddletennessee.com
What Is Private Mortgage Insurance (PMI)?
What Is Private Mortgage Insurance (PMI)? When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What is PMI? Freddie Mac defines PMI as: “An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%. Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.” As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that: “The cost of PMI varies based on your loan-...