A buyer brought up a question to me:

"We have to pay $100 extra a month for the insurance on our house loan. What is this? Is this true? Is there a way to avoid this?”

This is called mortgage insurance. If you have less than 20% cash down your lender may require mortgage insurance. After a history of regular payments it is possible to get the requirement dropped or you can refi. It is possible to obtain a loan without mortgage insurance, but you may pay a higher rate. Shop around a bit and make sure you read the fine print. Depending on the amount of your loan, by avoiding the mortgage insurance, your alternative may end up being a higher payment overall than your payment with mortgage insurance.

Thank you for visiting. This blog has just been launched to help and assist people who want to know more about the real estate industry—particularly those located in the Bay Area market. We will address current market trends and projections, ideas to get your home ready to sell, what to look for when you’re refinancing, and what steps to take to prepare you for homeownership, managing rental property, and more.

Looking for and researching real estate or property management companies can be a very painful and tedious process and with our blog, we hope to relieve some of the anxiety and provide you with an additional, unbiased source of information to help make your decisions easier, faster, and less stressful.

If you have a real-estate-related question, ask us! We’d be happy to answer your question! With a combined 35+ years of experience in real estate, chances are, we can help!

Stop by anytime!