Mortgage Insurance, also known as PMI, is a supplemental insurance policy you may be required to obtain in order to get a mortgage loan. PMI is provided by private (non-government) companies and is usually required when your loan-to-value ratio — the amount of your mortgage loan divided by the value of your home — is […]
Bouncing Back If Your Loan is Rejected
Nothing stings like rejection. But just because a lender considers you a poor credit risk today doesn’t mean you can’t turn it around. If your mortgage application is denied, the lender must provide you with information that, if used correctly, can help you become more creditworthy. Read on to find out more and to get […]