How to Get Rid of PMI As Soon As Possible
Everyone knows that buying a home is expensive as heck—but the list of extra costs associated with buying a home can be shocking. Aside from closing costs, there are home…
Every Term a First-Time Homebuyer Should Know
Buying a home can be an exciting and rewarding journey, but it can also be overwhelming, especially if you’re not familiar with the jargon and terminology used in the real…
What a 7% Mortgage Rate Really Means for Your Monthly Payment
Photo: karamysh (Shutterstock) This week the long-term U.S. mortgage rate jumped to 7.08%, according to the Federal Home Loan Mortgage Corporation (aka Freddie Mac). This is a 0.14 percentage point…
Who Should Get Mortgage Protection Insurance?
Photo: rawmn (Shutterstock) When you’re shopping around for a new home, you’ll get offers for mortgage protection insurance. This type of life insurance is designed for homeowners, and at first…
How Much It Costs to Buy a House With Your Friend
Photo: Comeback Images (Shutterstock) Compared to previous generations, millennials are less likely to own a home with a family of their own. This might have a little something to do…
How to Buy a House With ‘Just’ $12,000 Down
Photo: SAUL LOEB (Getty Images) Buying a house is a complicated, expensive process, especially for buyers who can’t swing a “traditional” 20% down payment. You’re basically convincing a bank to…
Why Your Rent Is Often More Than a Mortgage Payment
Photo: vtwinpixel (Shutterstock) Renters frustrated by headlines about the hot housing market that make it seem like this is their last chance to buy property won’t exactly be comforted by…