An FHA loan is a type of mortgage specifically designed to assist low-to-middle income borrowers. FHA loans are particularly attractive with first-time homebuyers because they typically require a lower down payment and most lenders are somewhat... (Read More)

Does your home have a laundry room? Energy-efficient appliances? A walk-in pantry? A patio or front porch? These are just some of the features home buyers want most, according to surveys conducted by the National Association of Home Builders. Also... (Read More)

How much of a downpayment do you need to buy a home? Less than you might think! Many people believe that in order to purchase a home, you need a 20 percent downpayment. Studies show it's one of the most enduring home buying myths. In reality, the... (Read More)

No one likes to read mounds of paperwork when buying a home. But there's one form you definitely don't want to gloss over. The closing disclosure form is one of the most important documents you'll review when buying a home. It explains the terms and... (Read More)

A good credit score is important if you're thinking about purchasing a home. Your credit score impacts the interest rate that you can get for a mortgage. It also can impact your ability to qualify for certain types of home loans. And if it’s... (Read More)

Considering how hectic each day can get, home maintenance may be the last thing on your busy mind. But keeping your home in shape from top to bottom can provide delightful dividends for you and your family. After all, a home is usually happiest when... (Read More)

You found a home your family absolutely loves. But you're not the only one who feels that way and now you're in a multiple-offer situation, competing against other home buyers for the same property. What's the best way to make an offer on a home... (Read More)

Do you feel like the mortgage industry has language all its own? You're not alone. Surveys show that many consumers get frustrated with all of the unfamiliar terms, acronyms and phrases that are part of the mortgage application process. At PRMI, we... (Read More)

When buying a home, you get to make a lot of decisions. One of the most important: You often have the option of selecting a fixed-rate home loan or one with an adjustable rate. ARMs are attractive to some home buyers today because the introductory... (Read More)