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Results tagged with mortgage
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user 1399
A mortgage is a loan that is secured by real property (land, buildings).
8
votes
3
answers
4k
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What is the true value, i.e. advantages or benefits, of building up equity in your home?
I understand that the dollar value of my equity is the home value (which I think is currently $318k) minus any outstanding loans/liens/etc. on the home, which at the moment is just the mortgage, currently …
- 626
6
votes
2
answers
1k
views
Is it possible to eliminate PMI (Personal/Private Mortgage Insurance) on a mortgage before r...
I had to take on PMI (mortgage insurance) since I was unable to put down a full 20%. … This mortgage insurance is costing me a hefty $1752 per year, and I am wondering if there are any options for refinancing that would allow me to remove the PMI, despite not yet reaching that 80% loan-to-value …
- 626