Archives: May 2010

What is Private Mortgage Insurance (PMI)?

Private Mortgage Insurance, more commonly referred to as PMI, allows home buyers to obtain a mortgage with a lower down payment (typically less than 20% of the sales price). With PMI in place, lenders are insured against the risk of default on the loan. PMI charges are fairly minimal, running...

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New Smoothie Bar in Downtown Harrisonburg

Downtown Harrisonburg is opening new restaurants and cafes all the time, which is a great sign of recovery and revitalization! One of the newest additions is a smoothie bar called “Pulp.” It is conjoined to and operated by the Shenandoah Bicycle Company on South Main Street. Pulp opened this past...

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Harrisonburg Area Real Estate Market Report: April 2010

Last month’s market report was a bit of a downer, and one that proved we need to watch some trends closely — sales volume and average price per square foot, specifically. April was the final month for first time home buyers (and “move-up” buyers) to take advantage of the tax...

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