Archive for the 'PMI' Category
What is PITI?
If you use any of the mortgage calculators to calculate what your mortgage payment will be, they will do a great job of calculating what the principal and interest will be on your loan.
But did you know that there is more to your monthly mortgage payment than just your principal and interest?
In mor…
Mortgage Insurance: Is It A poor Thing?
The general notion behind insurance of any kind goes something like that: You pay money in exchange for a promise for money whether something happens. Mortgage insurance is no different — except, in the case of mortgage insurance, you are not the one who actually gets the money whether someth…
