homeowners: Understanding Your New Home's HOA Fees
- 06/23/15 02:55 AM
Understanding Your New Home’s HOA Fees You’ve looked over hill and dale for your new home, and you and your Realtor® have finally found the perfect property with a purchase price within your budget. But there’s another monthly expense you don’t want to forget on some properties, the HOA fee. What Is an HOA Fee? If you’re considering purchasing a condo, townhome, or even a single-family home in certain subdivisions, chances are you’ll be required to pay a homeowners association, or HOA, fee once the property becomes yours. HOA fees are in addition to your mortgage payment and pays for maintenance on the … (0 comments)
homeowners: What You Need to Know About Private Mortgage Insurance
- 04/16/15 01:07 AM
Everything You Need to Know About PMI Your monthly mortgage payment is more than just principal and interest. Many homeowners include their property taxes and insurance bills in their monthly mortgage payments, too. Some homeowners have one more charge rolled into their monthly payment: PMI, or private mortgage insurance. Don’t make the mistake of not factoring in your mortgage insurance payments when planning a move! What Is PMI? Though many homeowners pay PMI, few understand how it works. PMI is required on conventional loans when homeowners are not able to put down 20 percent or more. It is not required on FHA or … (0 comments)
Understanding Your New Home’s HOA Fees
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