The Money-Wasting Mortgage Mistake You’re Likely to Make (Image credit: Kristin Duvall/Stocksy) Share Pin It Email 7 Property taxes, homeowners insurance, interest, HOA fees—when it comes to your monthly mortgage payment, your loan's principal doesn't lack company. Still, few of these additional costs and expenses draw as much ire from a homeowner than private mortgage … Continue reading PMI: An Explanation
How You May Be Overpaying Hundreds of Dollars on Your Mortgage You can get rid of your PMI sooner than your lender will do it automatically. If you put less than 20% down when you bought your house and used a conventional mortgage, you probably pay private mortgage insurance, or PMI, on the loan. … Continue reading How You May Be Overpaying Hundreds of Dollars on Your Mortgage
Report: Five Major Developments to Bolster Housing in 2015. Click on the link above to check out this article. It is very informative for you whether you are a First-Time Buyer or seasoned buyer.
From NYTimes.com 11/6/14 Private mortgage insurance is the bane of home buyers who can’t put down at least 20 percent. The insurance protects the lender in the event that a borrower defaults on a property with little equity, but it also guarantees a considerably higher monthly mortgage payment. An increasingly popular alternative allows borrowers to … Continue reading Mortgage Insurance Paid Upfront
From Credit.com 10/27/14 For those who’ve gotten a mortgage in the past few years with little equity, most are all too familiar with private mortgage insurance, the added premium built into the mortgage payment insuring the lender against payment default. Measured over time, it can cost you thousands, so it’s worth a closer look — … Continue reading PMI cost is no longer necessary