23 Oct 2019
By RESCO Realty

What Exactly Is Private Mortgage Insurance (PMI)?

Mortgage, ,
PMI, which is also called private mortgage insurance, is protect that the lender may ask the buyer to purchase. In the event that the buyer defaults on their home loan and the home enters foreclosure, the lender has a way to recoup their losses. While the lender may not ask everyone to purchase PMI, there are some situations where the lender may ask the buyer to purchase this insurance policy to qualify for the loan. Every lender is a little bit different; however, there are some trends throughout the industry. Most lenders ask the buyer to place a down payment…
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22 Oct 2019
By RESCO Realty

Pros and Cons of Replacing Your Roof Before A Listing

Real Estate, ,
You might be wondering whether to replace your roof before listing your property. Most reputable real estate agents will advise you only to do so if your current roof isn't likely to pass inspection or if replacing it will significantly raise the value of your home.  Here is some valuable information to help you decide. Pros Of Replacing Your Roof Before You Sell Buyers are attracted to homes with curb appeal and online photos highlighting a new roof will attract a lot of traffic. That means you may sell your home more quickly. Roofing replacements also help you when it…
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21 Oct 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – October 21st, 2019

Financial Reports, ,
Last week’s economic reports included readings from the National Association of Home Builders on builder confidence in housing market conditions, Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and first-time jobless claims were also reported. Builder Confidence in Housing Markets Rises The NAHB Housing Market Index rose in October from September’s index reading of 68 to 71.Home builders were confident in market conditions due to strong demand for homes caused by low mortgage rates and slower growth in home prices. Obstacles including tariffs on building materials did not deter builder confidence; any reading…
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