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)

We all know we should be using strong passwords to protect ourselves against cybercrime. But studies show that many of us are still using passwords like '123456.' That was the most-used password nationwide last year, followed by 'password,'... (Read More)

Have you been watching mortgage rates and trying to decide if refinancing is right for you? There are a number of factors that go into the decision to refinance your home. Refinancing is more than just an opportunity to get a new mortgage rate... (Read More)

If you are a member of the military on active or reserve duty or a veteran, there's a special type of financing designed for you. The VA home loan program is an incredible benefit designed to help members of the military —past and present —... (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)

The No. 1 challenge for most first-time home buyers? Coming up with enough of a downpayment. That's where the FHA home loan program comes in. It's one of the most popular mortgage programs available today for first-time home buyers with modest down... (Read More)

The VA home loan program was developed in 1944 as part of the original Serviceman's Readjustment Act. Since then, it's gone on to help thousands of veterans realize their dreams of homeownership. That said, there are many myths and... (Read More)

Ever hear the terms REO, bank-owned, short sale or HUD home? And have you even wondered what the heck all those terms mean? Here are some definitions used to describe common types of distressed properties: Foreclosure: This refers to the process... (Read More)

One of the biggest decisions of your life is when you decide to buy a house rather than rent one. You may have rented for several years because it just made sense. However, now you may be wondering if it's the right time to buy. The decision to... (Read More)

Ever wonder which things can affect your credit score the most when you're applying for a mortgage loan? Here are some of the top factors that can dramatically lower anyone's score: You're 30 days late (or more) paying a bill. You could see a... (Read More)