The Cost of NOT Paying PMI

The Cost of NOT Paying PMI

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this...
Don’t Pay PMI. Pay No PMI with Less than 20% Down

Don’t Pay PMI. Pay No PMI with Less than 20% Down

Today I am going to go over what PMI is and how you can avoid having that in your monthly payment.  Let’s get right to it. First off, PMI is Private Mortgage Insurance.  What this does is it protects banks in case there is a default in payment. ...
What is PMI and How Can I Stop Paying It?

What is PMI and How Can I Stop Paying It?

WHAT IS PMI?  PMI stands for Private Mortgage Insurance. PMI is insurance that a lender may require for your home loan if the lender feels you are a risk.  In other words, the insurance is for the lender (i.e., a bank) or a private lender (i.e., a broker)....
The True Cost of NOT Owning Your Home

The True Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence....
VA Loans: Making a Home for the Brave Possible

VA Loans: Making a Home for the Brave Possible

Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them....

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