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You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?

by Angel Leon | Jan 13, 2026 | Home Mortgage Tips

It’s easy to get Private Mortgage Insurance (PMI) confused with homeowners’ insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you’re going to be investing in a home in the near...

Will You Need Private Mortgage Insurance on Your Mortgage Loan?

by Angel Leon | Dec 17, 2025 | Home Buyer Tips

When preparing to buy a home, many borrowers focus on the interest rate and monthly payment, but mortgage insurance is another important factor to understand. Private mortgage insurance is often required when a borrower makes a smaller down payment and knowing how it...

You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?

by lizlaurenb | Dec 6, 2023 | Home Mortgage Tips

It’s easy to get Private Mortgage Insurance (PMI) confused with homeowners’ insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you’re going to be investing in a home in the near...

Reasons You Need an Insurance Binder and How to Get One

by lizlaurenb | Oct 24, 2023 | Mortgage

When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage until the...

Do You Need Mortgage Insurance Even If It’s Not Required By Your Lender? Let’s Take A Look

by Racheli Refael | Dec 29, 2021 | Home Buyer Tips

Finding a proper mortgage loan and understanding the processing procedures behind the loan is the basis of good research. The down payment on a mortgage loan is typically significant when dealing with mortgage insurance. Most loan applications with less than 20% down...
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Cornerstone First Mortgage, LLC NMLS#173855 

Racheli Refael NMLS# 64918

Branch address:
1471 NE 26th St. Suite 100
Fort Lauderdale, FL 33305

Call 954-800-0330

Racheli Mortgage Team

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