Much has been said and written regarding the financial benefits of home ownership…but I’m a numbers gal and somewhat of a skeptic. I prefer to support “this vs that” statements with hard numbers. So that’s what I decided to do after reading another article generalizing the benefits of home ownership. Let’s explore 3 areas of …
What is PMI? PMI stands for Private Mortgage Insurance. PMI is a risk-management tool required by lenders to protect themselves against loss of money when a borrower becomes unable to repay their mortgage. When you purchase a home making a down payment of less than 20% or the value, most lenders require you to purchase …
Buying a house is a an exciting milestone many people look forward to. Not only does a homeowner have the freedom to personalize their space according to their own tastes and lifestyle, but the mortgage payments do double duty – provides shelter while building additional wealth through loan reduction and price appreciation! If you pay …