March 2008
Monthly Archive
How Much Does Private Mortgage Insurance (PMI) Cost?
Posted by miller on 17 Mar 2008 | Tagged as: Housing/Mortgages
If you are financing more than 80% of the value of a home, lenders require extra risk protection against the possibility of you defaulting. Usually this comes in the form of private mortgage insurance (PMI). Simply stated, PMI is a premium you must pay each month until you are financing less than 80% of the home’s value. I’ve run a few posts recently about PMI (a loan primer and tax deductibility), and this post will focus on how the lender determines how much your PMI will be. Continue Reading »
I Bought a House!
Posted by miller on 16 Mar 2008 | Tagged as: Housing/Mortgages
If you wondered if I had crawled under a rock for the last couple weeks, then you were right! I’ve mentioned over the last month or so that I have been looking for a house to buy. And, my girl friend and I signed for one last week! Continue Reading »
