Saturday, April 25, 2009

How To Avoid PMI (Private Mortgage Insurance)

Do you need to know how to avoid PMI (Private Mortgage Insurance)? If you are purchasing a home and unable to put down a down payment of 20% of the purchase price the lender will most likely require that you carry PMI or Private Mortgage Insurance. The problem with this kind of insurance is that it is very expensive. Private Mortgage Insurance is usually $300-$500 per month or more. This is a huge expense for the home buyer. Are you ready to learn how to avoid PMI (Private Mortgage Insurance)?

To avoid PMI you need to put down 20% of the purchase price of the home. This can be done by one of the following:

GIFT - If you have a friend or family member that can give you the amount you need to get a full 20% down payment you can receive a gift. They will have to write a letter to the mortgage lender for your home loan to tell them that the amount of money given is a gift and that you do not need to repay it. Of course, if you want to repay it or are required to repay it by the gift giver, that is another story.

SECOND MORTGAGE - You can try to get a second mortgage loan at the same time as your first mortgage loan. Many times a mortgage broker can find a lender to give you enough to have a 20% down payment. You will then have a second small home loan that you will need to pay and the interest rate on that loan will sometimes be more than the interest rate on your primary mortgage loan.

ACCEPT PMI - If you want to accept the PMI with the knowledge that you will only need to pay it for a short period of time and then you will refinance your loan, you can do it. You will need to make sure that you do not have a pre payment penalty with your lender.

This is how to avoid PMI (Private Mortgage Insurance).

Tuesday, April 21, 2009

How To Get Out of (PMI) Private Mortgage Insurance

How To Get Out of PMI Private Mortgage Insurance

If you bought a home and did not put down 20% you may be paying private mortgage insurance (PMI) each month. Private mortgage insurance can sometimes run as high as $300-$500 per month. That is a lot of extra money to pay for virtually no reason.

If you have found yourself in the situation, the best thing to do is refinance. You will need to check with your current lender to find out if you have a pre-payment penalty. A pre-payment penalty is a fee that you will have to pay if you pay off your mortgage loan early. Sometimes there is a pre-payment for just a few years at the beginning of your loan.

If you have a pre-payment penalty you may want to wait until the penalty time frame is over. If you do not have one, you will want to refinance as soon as your house appraisers for the amount you need.

Your house will need to appraise high enough so that your loan is only 80% of the value or less. When you think it will appraise for that amount, call an appraiser. Make sure you use a qualified appraiser. You may want to contact a lender first and they can help you find an appraiser, they may even pay for the appraisal for you.

The most credible lenders are the ones that you already work with such as your bank. Contact a lender today to see if you can get out of (PMI) private mortgage insurance.

How to Get Free Listings Online For Homes For Sale In Florida

How to Get Free Listings Online For Homes For Sale In Florida

NORTHERN FLORIDA/PANHANDLE - Northern Florida and the panhandle is a wonderful area to raise a family. Families love the gentle beaches, choice of top notch universities and fabulous schools. The weather is mild all year long because this is Florida after all. Florida's capital, Tallahassee is in the northern part of Florida. For those interested in localized real estate information and homes for sale in northern Florida go to or

EASTERN FLORIDA - Eastern Florida is very popular because it is the home of Orlando. Orlando has many famous theme parks such as Disneyworld and the Epcot Center. This is a vacation lovers dream and residents love it to. The ocean is nearby as well as the finest dining available. Miami, Boca Raton and Fort Lauderdale are also located in Eastern Florida. If you are interested in this area try: or

WESTERN FLORIDA - Western Florida located on the Gulf of Mexico is a beautiful area for families. Excellent schools, plenty of jobs, and filled with entertainment, this side of Florida is perfect for everyone. Towns such as Sarasota, Bradenton and Tampa are all in this area. For local real estate listings go to: or

SOUTHERN FLORIDA - Southern Florida is a vacationers paradise, with a well know string of islands called The Florida Keys. You would be lucky to live in this area it is absolutely gorgeous. For homes for sale in this area try:

ALL OF FLORIDA - For those of you that know you want to live in Florida, but you just cannot decide where, try or

Now you know how to Get Free Listings Online For Homes For Sale in Florida.

Thursday, April 9, 2009

Willie Nelson Music Tour This Summer With Bob Dylan and John Cougar Mellencamp

Willie Nelson Music Tour This Summer With Bob Dyland and John Cougar Mellencamp

Don't miss one of the best music tours this summer with Willie Nelson, Bob Dylan and John Cougar Mellencamp. They are touring baseball stadiums around the continental U.S. this summer. This should be an incredible tour with some of the finest musicians that America has to offer.

I am a huge fan of all three of these music giants and it will be so incredible to see them on stage together. They have not released the exact tour dates or locations so keep your ears open. Hopefully they will be coming to California, because I do not want to travel far to see this trio.

I have seen all three separately, but it does not compare to having all three on the stage together in the summer of 2009, don't miss, the Willie Nelson Music Tour This Summer With Bob Dyland and John Cougar Mellencamp.