Did you know that FSBOs —homes that are For Sale by Owner — account for only about 8 percent of home sales? Or that many properties that start out as FSBOs end up being listed with and sold by a Realtor? Here's why so many people sell their... (Read More)
The VA home loan program is one of the most flexible and attractive ways to finance a home today. There's no set downpayment requirement, no private mortgage insurance and rates are lower compared with some other types of loan programs. It's also... (Read More)
At PRMI, we love educating families about the home-buying process. It's an important part of what we do every day. Here are some of the most common questions from first-time home buyers – along with the answers.
How much of a down payment will... (Read More)
Curious about what type of information you'll need to provide about yourself if you're applying for a mortgage? Here's what we'll need from you (and a co-borrower if you have one) to get started on your loan application:
—Social Security Number... (Read More)
There’s more to your monthly mortgage payment than the amount you borrowed to purchase your home. When you’re calculating how much house you can afford, be sure to consider all of the components that typically make up your monthly home loan... (Read More)
Ever heard of a nonconforming or jumbo home loan and wondered what it is? It's a type of mortgage that has a balance that is above the limits for government-sponsored loans. In most parts of the country, any loan for a single-family home greater... (Read More)
Are you looking for a family-friendly home? You're in good company. Many people make home-buying decisions on the needs of their children, seeking homes near good schools and with child-friendly amenities and enough bedrooms to accommodate... (Read More)
The property disclosure report is an important document in any real estate transaction. In it, sellers must reveal any issues relating to a property that could negatively affect its value.
That's why it's so important for home sellers to set... (Read More)
You’re ready to move on. Maybe your house is too small, you’re moving because of a job, or you want to be closer to family and friends. According to the National Association of Realtors, those are the three top reasons for selling a... (Read More)
If you are selling your home, it's important to keep safety in mind. Although problems are unlikely, it's always a good idea to do whatever you can to protect your family and personal belongings. Here are several ways to make your selling... (Read More)