Practical Personal FinancePrivate mortgage insurance, or PMI, is insurance that most mortgage lenders will require you to purchase if your down payment on a home is less than twenty percent of the home’s purchase price. This insurance covers the lender’s expenses if your home goes into foreclosure. The cost for PMI will vary based on your credit…
If you’re a renter, your rent is going to be one of, if not the biggest expense in your monthly budget. And when you’re trying to get out of debt, every dollar counts. Today I’m going to share with you three tips for renting a home. Would you prefer to watch instead of read? You’re…
A short sale is when someone sells a piece of real estate for less money than they currently owe on it. Typically this only happens when the market value of a property has dropped significantly and the owner of the property has fallen behind on their monthly payments. For example, let’s say I’m the owner…
