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What is a PICRA?

What is a PICRA?

hangerlaw November 28, 2022 Real Estate Leave a Comment

PICRA stands for Property Inspection Contingency Removal Addendum and it is something that comes up in a lot of Residential Real Estate deals.

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Private Mortgage Insurance PMI

How Private Mortgage Insurance Works

hangerlaw November 21, 2022 Real Estate Leave a Comment

Private Mortgage Insurance (PMI) protects lenders against borrower’s potential default (if you stop making payments on your loan). PMI is usually applied when your down payment is less than 20%.

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