Category Archives: Tips & Trick

Moving out on your Own

You have been living on your parents’ die for long enough and now you are going to be moving into your new place. You could do what every other kid does and get your furniture second had as it comes

Save Money by Getting Rid of Mortgage Insurance

In 1998, Congress passed the Homeowners Protection Act, which requires lenders to drop the PMI when a loan balance pays down to 78 percent of the original amount. This appears straightforward enough, but how long will it take to pay

What Mortgage Insurance Costs You?

Again, the mortgage industry is all about risk, and what determines your monthly premium is your down payment and your credit score.

Private Mortgage Insurance: The Good, the Bad, and Good Riddance

Essentially, private mortgage insurance (PMI) is an insurance policy issued by private companies that insures mortgages against default. You might say it’s similar to Lloyds of London insuring a BMW holein- one prize in a golf tournament. Chances are that

How to Pick the Best Loan after Knowing APR?

In reality, the federal disclosure law creates a useful loan comparison tool. You can have two lenders,