mortgage refinance | Something On My Mind

the personal finance blog

PFT #20 - Personal Finance Tip: When is the Right Time to Buy a House?

Low interest rates, lack of labor and supply are the right ingredients for an unprecedented housing market; perhaps a housing bubble.

Loan-to-value (LTV)

Loan-to-value (LTV) is what lenders measure when a borrower buys or refinances a home. The higher the risk, the higher the interest rate.

PFT #4 - Personal Finance Tip: What is Private Mortgage Insurance (PMI) and How to Get Rid of it

PMI occurs when you do not have at least 20% of equity or 80% loan-to-value when you purchase the home.