Kim Abbott

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What Is Mortgage Insurance and How Does It Benefit Me?

March 3, 2023 by Kim Abbott

Are you in the market for a new home? If you are considering a mortgage, you may be curious about mortgage insurance, commonly referred to as PMI or MI. Let's explore the topic of mortgage insurance, including how it works to reduce risk and how it benefits you as the mortgage borrower. Mortgage Insurance = Risk Reduction You might not know this, but the toughest part of the home buying process for many individuals and families is coming up with the required down payment. For example, if you were to buy a $200,000 home, you may want to invest $40,000 or $60,000 or more in the down payment. The … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Insurance

3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

February 3, 2023 by Kim Abbott

Whether you have recently graduated from college or are getting close to retirement, it's likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying real estate as part of your portfolio? In today's blog post we'll have a look at three reasons why real estate investing is one of the most effective ways to grow your overall net worth. Reason #1: It Generates Passive Income One of the best reasons to hold real estate as part of … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Real Estate, Real Estate Investing

The Top Smart Home Products You Should Know About

June 14, 2022 by Kim Abbott

Technology has come a long way, and you might be thinking about turning your house into a smart home. Now, there are a lot of smart home products available, and you may have a difficult time keeping track of which ones are best for you. What are some of the top smart home products you need to know about? A Smart Lock If you are tired of misplacing your keys, you should consider investing in a smart lock. Smart locks come in many shapes and forms, and many of them allow you to program multiple combinations into them. This means that you can give different combinations to different people, … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Real Estate, Smart Locks, Technology

3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

July 7, 2021 by Kim Abbott

A mortgage application is typically several pages in length, and it requires you to provide a considerable amount of information about your personal, professional and financial life. Some mortgage applicants may not have access to all of the information when completing the application, and others may simply skim over the form and provide incomplete answers. These are only a few of the reasons why information on the mortgage application may not be accurate, but there are several key reasons why applicants should avoid giving inaccurate information. Loan Approval is Based on It The initial loan … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages

Understanding The Difference Between A Co-Borrower And A Co-Signer: What Do They Mean?

March 24, 2021 by Kim Abbott

There is a lot of jargon that comes with purchasing a home. Even though this could be confusing, purchasing a home is also a significant decision. Therefore, it is critical for everyone to understand exactly what they are signing before they scribble their name on the dotted line. In some cases, a co-borrower or a co-signer (also called a non-occupying co-borrower) could be needed to strengthen the application. What is the difference between these two terms?  What Is A Co-Borrower? First, a co-borrower is simply a co-owner. Both names are on the title of the home. The co-borrower also … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Co-Borrower, Co-Signer, Mortgage Explained

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Kim Abbott

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Located in Phoenix, AZ

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