Ouch! Why do I have to pay Private Mortgage Insurance?!

August 15th, 2017 by

If your down payment on a home is less than 20%, or if you refinance a mortgage with less than 20% equity, you will be required to pay Private Mortgage Insurance by your lender. What is PMI? Also known as PMI, this insurance policy protects the lender from losing their investment should you end up […]

How Much Mortgage You Can Really Afford?

June 20th, 2017 by

We love helping clients find their dream homes, but we never want them to fall into the trap of buying more than they can actually afford. While lending standards are designed to protect you (and the bank’s investment), many people qualify for a mortgage that is really more monthly expense than they can handle. When […]

Your House is Under Contract! What should you expect during the Inspection process?

May 18th, 2017 by

Whether you are an experienced home seller, or a first-timer, the building inspection process always raises worries and concerns. Even sellers that take meticulous care of their properties know that an inspector is likely to find something, and this makes the process all the more nerve-wracking. With some preparation, however, we hope you can experience […]

Pre-Qualifying vs. Pre-Approval: What Buyers Need to Know

January 12th, 2017 by

If you are getting ready to buy your first home, or maybe you haven’t purchased a property in some time, there are some important steps to take before you can make an offer on a property. Getting pre-approved for a mortgage is essential if you want your offer to be considered seriously, and will be […]

House Hunting Tips for Success

November 10th, 2016 by

Buying a home is an exciting time! Interest rates remain at historic lows, and the market has recovered nicely – making it a great time to purchase a home. The process is exhilarating and exhausting all at the same time. There are emotional highs and lows as you search for houses, go through the offer […]

Equal Housing Opportunity

Morrison Real Estate 158 Danforth St., Portland, ME 04102

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2021 Maine Real Estate Information System, Inc. All Rights Reserved.

© Morrison Real Estate 2021. All rights reserved. Much of the information and data contained herein has been gathered from third parties and although deemed reliable should be verified by the buyer and/or the agent prior to purchase. Any information or data that is critical to your buying decision should be independently verified. All dimensions are approximate and not guaranteed.

Privacy Policy