private mortgage insurance | Something On My Mind

the personal finance blog

#62 - Is it Better to Buy or Rent a Home? It Depends on Budgetary Discipline

Whether you choose to rent or buy your home, it is a major life decision that affects not only your lifestyle but also your financial health

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.

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.

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.

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.

Podcast #41 - Are You Ready for a Big Move Into the Tiny House Movement?

A tiny house is defined as a dwelling unit with a maximum 400 square feet of floor area, excluding lofts.

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.