What is PMI? PMI (Private Mortgage Insurance) is a type of insurance that lenders may require borrowers to pay if they have a down payment of less than 20% of the home's purchase price. The purpose of PMI is to protect the lender in case the borrower … [Continue reading]
Rebuilding Costs: Rethinking How Much Homeowners Insurance You Really Need
Buying a home comes with numerous financial planning obligations. It's far from a turn-key operation and one of the significant challenges involves developing a working knowledge about things often outside your area of expertise. For example, working … [Continue reading]
Top Reasons You Should Compare Mortgages
Comparing mortgages is a crucial step in the process of buying a home or refinancing an existing mortgage. Here are some reasons why: Save Money: Comparing mortgages can help you save money by finding the best interest rates and terms available. A … [Continue reading]
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