If you’re buying a condo in LA, it’s a good idea to come up with a 20 percent down payment. That means your mortgage payments will be lower, and lenders may look at your loan application more favorably than they would if you brought less of your own money to the closing table. But it’s […]
3 Loft-Buying Myths You Need to Ignore
7 Mortgage Terms You Need to Know
When you’re buying a loft or condo in Downtown Los Angeles and using a mortgage (like most people do), you’re going to hear all kinds of industry terms. Here’s how to make sense of it all. 7 Mortgage Terms You Need to Know Check out these common terms: Amortization Appraisal Closing costs Earnest money Points […]
When you buy a loft or condo for sale in DTLA with less than 20% down, you’re most likely going to have to buy private mortgage insurance. But what is private mortgage insurance, and when can you stop paying it? Understanding PMI: What is Private Mortgage Insurance? Private mortgage insurance is money you pay out […]
What is Private Mortgage Insurance, or PMI?
If you’re buying a loft or condo for sale in DTLA, you’ll probably need a mortgage loan to do it. Most people do. And you may also need to pay for private mortgage insurance. But what is private mortgage insurance, and why would you have to buy it? What is Private Mortgage Insurance? Private mortgage […]