Compass

Tag: Private Mortgage Insurance

Posted on 04/24/2022
4 Reasons Why Down Payment Amount Matters
Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...
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Posted on 12/01/2019
How To Avoid Private Mortgage Insurance (PMI)
You can ask any homeowner-buying and owning a home is expensive. Mortgage payments, property taxes, utilities, and other bills quickly add up. If you want to buy a home but don’t have a large down payment saved, odds are you’ve discovered something called private mortgage insurance (PMI). PMI is an extra monthly payment that you make (on top of...
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