Do you feel like the mortgage industry has language all its own? You're not alone. Surveys show that many consumers get frustrated with all of the unfamiliar terms, acronyms and phrases that are part of the mortgage application process. At PRMI, we... (Read More)

If you’re uncertain if you can meet the standards necessary to secure a conventional mortgage loan, a Federal Housing Administration loan might be the right choice for you. It’s a mortgage product backed by the government, which helps borrowers... (Read More)

When buying a home, you get to make a lot of decisions. One of the most important: You often have the option of selecting a fixed-rate home loan or one with an adjustable rate. ARMs are attractive to some home buyers today because the introductory... (Read More)

There's nothing like moving — whether it's across town or across the country — to make you realize just how much stuff you have! When moving, you're likely to let some things go, but probably also add some new appliances, furniture and other... (Read More)

No one likes to read mounds of paperwork when buying a home. But there's one form you definitely don't want to gloss over. The closing disclosure form is one of the most important documents you'll review when buying a home. It explains the terms and... (Read More)

If you are a member of the military on active or reserve duty or a veteran, there's a special type of home loan designed for you. The VA home loan program is an incredible benefit designed to help members of the military —past and present —... (Read More)

You've found the home of your dreams, the seller has accepted your offer and your loan application is being processed. When is the best time to "lock" your mortgage rate? And for how long should your lock be effective? If you're buying or building a... (Read More)

In the market for a new home? Purchasing a home is definitely something you don't do every day. So it's easy to make mistakes, and when it comes to home buying, mistakes can be costly. Here are some of the most common errors made by first-time... (Read More)

Are you one of the many people dreaming of owning your own home? If so, you aren't alone. It is one of those dreams that transcends culture, age and region, and it's been a mainstay of the American Dream for years. Owning a home has become a symbol... (Read More)