The Complete Guide to Understanding the Home Loan Process: How Long Does It Take?

The decision to buy a home is an exciting step in someone’s life, but for many buyers, understanding the loan process can be intimidating. And there is one simple question that most people ask. “How long is the loan process when buying a house?”In the following paragraphs, we will break down the timeline and steps …

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What Is Private Mortgage Insurance (PMI)?

What Is Private Mortgage Insurance (PMI)? Private Mortgage Insurance (PMI) is an insurance requirement on mortgages when the buyer makes a down payment that is less than 20% home purchase price. The less the down payment, the greater the risk to a lender. The mortgage company wants protection against a default. Based on research carried …

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