What Is Private Mortgage Insurance (PMI)? Private mortgage insurance, or PMI, is a type of insurance for your mortgage. If you put down less than 20% on your home when you buy it, you’ll most likely be required to purchase PMI. Although you’re paying for the PMI, it...
When it comes to buying a home, afford is a relative term. You may be able to afford the monthly payment on a house, but at what cost? Before the 2008 housing crash, many homebuyers who were making minimum wage were assured that they could afford half-million dollar...
After a major hurricane hits Florida, thousands of people are faced with having to clean up and repair the damage caused by the storm. This also means filing claims with insurance companies and hoping that they’ll pay enough to cover the costs of the repairs. Hiring a...
A home is one of the biggest purchases most people make in their lifetimes. However, there’s often no real guidance on how you should buy a home and when is the right time to do it. Many people make the mistake of buying a home that isn’t right for them because they...
