Nashville Real Estate

Average Tennessee Closing Costs Going Up

September 16, 2009 by · Leave a Comment 

Bankrate.com recently conducted its annual national survey of average origination, title, and closing costs, for a representative $200,000 loan, assuming a 20 percent down payment and good credit. Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $2,732, according to Bankrate’s annual survey of closing costs. The fees in the [...]

Private Mortgage Insurance Explained

September 23, 2005 by · 1 Comment 

Many a first-time homebuyer has grumbled about paying private mortgage insurance. This article discusses the subject of private mortgage insurance, also known as “PMI.” Private Mortgage Insurance Unless the owners are insane, every business in the United States carries some form of insurance to protect against losses. The various lending institutions that issue Nashville home [...]