PMI: Avoid it or embrace it?

If you’ve used an online mortgage calculator, you’ve likely considered how to factor in or avoid PMI. What is PMI?  Private mortgage insurance (PMI) protects the lender in case a borrower defaults on their loan payments. As a home buyer, you might be required to purchase PMI if your down payment is less than 20% […] Read More

How Much House Can I Afford?

Unless you’re buying entirely with cash, you’ll be leveraging funds from a lender in order to make your purchase. To decide what you can afford, you might begin with a feeling or perception, such as “I don’t want to spend more than $500,000.” But don’t stop there; that perception may not reflect these critical factors: […] Read More