Read through this post on how to pay off your mortgage or skip to the AllGen Academy paying off your mortgage video below. The final step in the Formation stage on the Path to Financial Freedom is paying off your mortgage. Homeownership can represent one of the most...
Determining exactly how much home you can afford is an important step in the home-buying process. Before you buy a house, you’ll need to figure out how much mortgage you can afford each month as well as how much of a downpayment you would need to avoid having to...
Before you buy a home, it’s important to determine just how much home you can afford. You’ll need to figure out both how much of a down payment you’ll need to avoid PMI as well as how much you can afford per month to pay off the mortgage. Our...
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...
