Investor FAQ Paul Lamnatos At Blink, we pride ourselves on being available 24/7 to answer questions for Real Estate Investors, whether seasoned pros at investing or brand-new investors with unique questions. We recently got this question, and in 17 years in the business, I think this was a first, yet a very important question, so read up. Question 1: How does purchasing an investment home before purchasing my primary home impact my primary home loan options? Answer: In short, this
Homebuying Tips
BPMI or LPMI? Deciding on Private Mortgage Insurance
What is Private Mortgage Insurance? Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. Most Approval Departments require PMI when a homebuyer makes a down payment of less than 20% of the home's purchase price or when you are refinancing a loan with less than 20% equity. When a borrower makes a down payment of less than 20% of the property's value, the mortgage's loan-to-value (LTV) ratio is over