Valbridge Property Advisors

When purchasing a home, a 20% down payment is typically the standard. The lender's only liability is often just the remainder between the home value and the balance remaining on the loan, so the 20% adds a nice cushion against the costs of foreclosure, selling the home again, and natural value fluctuations in the event a purchaser doesn't pay. During the recent mortgage boom of the last decade, it became common to see lenders reducing down payments to 10, 5, 3 or sometimes 0 percent. A lender is able to handle the additional risk of the small down payment with Private Mortgage Insurance or PMI. PMI guards the lender in the event a borrower doesn't pay on the loan and the market price of the house is lower than what is owed on the loan. PMI can be pricey to a borrower in that the $40-$50 a month per $100,000 borrowed is rolled into the mortgage monthly payment and frequently isn't even tax deductible. Different from a piggyback loan where the lender absorbs all the deficits, PMI is money-making for the lender because they acquire the money, and they receive payment if the borrower defaults.

Riley Office is a real estate company based in Alexander City, AL, offering a range of services including new home sales, resales, and discounted rent options. They specialize in shared ownership properties, providing an information hub with articles and resources to help potential buyers navigate the process. With a wide selection of homes available in various counties and boroughs, Riley Office aims to assist individuals in finding their perfect home within their budget. Whether it's buying a home off-plan, understanding eligibility criteria, or selling a shared ownership property, Riley Office offers comprehensive support and case studies to guide customers through every step of the process. With a focus on customer satisfaction and affordable housing solutions, Riley Office is committed to helping individuals and families achieve their dream of owning a home in the Essex, Kent, South East London, and Sussex areas.Generated from the website

Coosa Valley Appraisal is a reputable residential real estate appraisal service based in Sylacauga, Alabama, serving Talladega, Coosa, Clay, and Shelby counties. They offer certified appraisals for various purposes, including primary and secondary mortgages, mortgage refinancing, PMI removal, FHA HUD appraisals, USDA appraisals, and estate planning. With a strong focus on customer service, Coosa Valley Appraisal delivers high-quality and competitively priced appraisals. Their team specializes in providing accurate home pricing assistance and can be easily reached by phone or email for appraisal orders and any inquiries.Generated from the website