How Much Is PMI (Private Mortgage Insurance)? What You Need to Know

How Much is PMI

Mortgage Insurance. PMI is an insurance policy for the lender in case you stop making your monthly payments. Depending on your LTV (loan to value) ratio and other factors, your PMI cost may vary. On average, PMI for a conventional home loan ranges from 0.58% to 1.86% of the original loan amount per year. Below is a guide on PMI, how much PMI is, and other facts you should know before paying PMI.

Money Mistake Interview – Debt Regret

Debt

Tell us a little about yourself My name is Tyler, but you can call me FLA as I run the Fresh Life Advice website. I’m currently 27 years old and a single man with no kids. I was born and raised in NJ. I graduated

Top 10 Tips For Traveling With Kids

Travel With Kids

Traveling with kids can be challenging. So it’s important to know what to pack, how to make traveling more manageable, and how to avoid disappointments. With these top ten tips, traveling with your children will be a breeze. 1. Planning the Trip When traveling with

Money Mistakes: Timeshare Ownership

Time Share Mistake

More “Money Mistakes” from a fellow blogger. This time we have Jila from Happier Freelancing, below are her thoughts and experience with owning a timeshare, enjoy! Tell us a little about yourself Hi, my name is Julia & I’m the writer behind Happier Freelancing where

Applying for a Mortgage (Important Info + 6 Steps)

Applying for a mortgage

Buying a house can be stressful. For first-time homebuyers especially, there is a lot of uncertainty around applying for a mortgage. That is why preparing for and understanding the process can decrease some of the stress of applying for a mortgage. Applying For a Mortgage

Money Mistakes: Paying High Fees

High Investment Fees

It’s time for some more money mistakes where we showcase some mistakes made by another fellow blogger out there. Even the smartest people can make mistakes with money and even us “experts” are no different. As always, the point is to learn from these mistakes

Your Financial Starting Lineup

Financial Lineup

Outside of my blogging world, one of my favorite things to do is sit down and watch my beloved New York Mets. Of course, I’m not watching them on cable anymore, but I have my ways of making sure I can watch them as much

Homeowners Insurance: Everything You Need to Know Before You Buy

Home Owners Definition

Buying a home is a big deal and a significant investment. For most of us, our house is our biggest expense. But, more importantly, our house is our home. It’s where we relax, rest our heads at night, probably work from now, and it’s what