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)
Should you continue to rent or is it time to buy? Generally, the more time you plan to live in a home, the more sense it makes to buy. If you have just moved to a community, renting — at least initially — may be a better option as you get to... (Read More)
Buying a home for the first time? An FHA home loan could be right for you. It's one of the most popular mortgage programs available today for first-time home buyers with modest down payments and less-than-perfect credit. As an established FHA... (Read More)
You assembled your documentation, filled out the mortgage application and received approval to proceed with your purchase. It’s time to celebrate, right?
Not quite. Your lender will recheck your credit right before closing, and certain... (Read More)
If you're like most Americans, you have amassed quite the collection of financial documents, including receipts, invoices, pay stubs, bank statements, utility bills and old tax returns. Most can be tossed after a certain period of time. But there... (Read More)
At PRMI, we strive to be much more than a great mortgage lender and employer. We also are dedicated to being a company that gives back — not only to the communities we serve but those in need around the world. Join us in looking back at our... (Read More)
If you’re an active service member in the armed forces, you have a tough job and move around a lot. That’s why the Department of Veterans Affairs 70 years ago launched a home loan program to help you when it’s time to relocate.
That’s... (Read More)
Thinking about buying a home? Mortgage rates have been bouncing around near all-time lows for quite a while now. Historically speaking, rates still remain incredibly low. Many home buyers today think that mortgage rates this low are the way it's... (Read More)
Thinking of waiting another year or two to buy a home? It could cost you.
If home prices and/or mortgage rates increase in the next year or two, home buyers could end up with significantly less buying power than they have today.
What's one of... (Read More)