If you’re like many people, you’ve heard of private mortgage insurance, or PMI. But what is it, and is it something that you’ll be required to purchase when you buy a home land in North Florida? This guide explains. Private Mortgage Insurance, Explained Simply Private mortgage insurance is something the vast majority of lenders make […]
What’s a Jumbo Loan?
A jumbo loan sounds big, right? It is – but really, what it means is that it’s a larger amount of money than the maximum value of a conforming loan. Wait – what’s a conforming loan? A conforming loan is a loan that meets guidelines set by Fannie Mae and Freddie Mac. What is a […]