Tallahassee Magazine - January-February 2014

The Truth Behind PMI

Private mortgage insurance, or PMI, is designed to protect lenders from losing their investment in case a mortgage holder is unable to repay their loan. Utilized as an alternative to a complete down payment of 20 percent, PMIs are generally…

Real Estate Facts and Stats

All statistics listed below pertain to sales in September 2013, and are provided by the Tallahassee Board of Realtors, Florida Realtor and the National Association of Realtors. LEON COUNTY Leon County closed 175 single family home sales — 45 paid…