top of page
the personal finance blog
Search


PFT #25 - Rolling In Closing Costs into a Home Purchase or Refinance
Rolling in closing costs into a mortgage avoids paying money upfront, but it is costly and signals a need to save more before buying a home
David Mulonas
Jun 3, 20212 min read
27 views
0 comments


Who are Fannie Mae and Freddie Mac?
Fannie Mae and Freddie Mac are government sponsored enterprises (GSEs). They buy mortgages from lenders to free up capital for borrowers.
David Mulonas
May 12, 20212 min read
13 views
0 comments


Should You Make Biweekly Mortgage Payments?
Many mortgage companies have a biweekly payment plan to make 13 payments each year. This can you save thousands of dollars interest.
David Mulonas
Apr 16, 20212 min read
21 views
0 comments


The 2008 Financial Crisis
The 2008 Financial Crisis was due to mortgage defaults, MBOs, CDOs. AIG needed a government bailout to pay claims and avoid financial ruin
David Mulonas
Apr 12, 20214 min read
17 views
0 comments


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.
David Mulonas
Apr 11, 20212 min read
16 views
0 comments


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.
David Mulonas
Jan 6, 20212 min read
12 views
0 comments
bottom of page