Two Ways To Eliminate Private Mortgage Insurance
Lenders typically require people who put less than a 20 percent down payment on their homes to carry private mortgage insurance. This type of insurance is designed to protect the lender in the event the borrower stops paying on the loan. Since this insurance can cost anywhere from $30 to $50 per $100,000 borrowed from the bank, the premiums can get pretty expensive fast, especially if you're on a fixed income.
Four Reasons To Choose A Smaller, Less Expensive Home
When you decide to start looking for a new home, it can be tempting to look at the biggest, most expensive houses you can afford. Mortgage lenders approve you for a certain amount, and you look at homes with that price tag. While this is a common strategy, it is not the best one for most people. Rather, you're better off choosing a home that is a bit smaller and less expensive than what the lenders (and online calculators) say you can afford.
The Benefits Of Refinancing A VA Loan
A very popular benefit for military personnel is a VA loan. This makes it much easier for veterans to own their own home. In addition, there are ways that you can reduce your VA loan payment and make your life better in other ways as well. That is why there are so many benefits: Lower Cost By refinancing, you can enjoy a lower interest rate. This can also be done by switching from an adjustable rate loan to a fixed rate loan.
How to Smartly Obtain a Payday Loan
As of 2014, over 48 million Americans live in poverty according to the Census Bureau. Even more Americans live their lives scrapping by from paycheck to paycheck, with very little money left for their savings. For these people, small inconveniences like a parking ticket, a trip to the emergency room, or their car breaking down, can mean huge financial issues. This is when a payday loan may help. Payday loans are what they sound like: loans meant to help you with minor, unforeseen expenses that may arise in between paychecks.
3 Myths About Selling A Structured Settlement For Cash
If you have been involved in a court case in which you have received a large amount of money for your settlement, you are likely going to receive the amount in a structured settlement rather than a lump sum payment. The difference is that you will receive small payments over time that is tax-free whereas if you were to receive a lump sum payment, you would likely be subject to taxes and if you don't manage the money properly, you will spend it all at once instead of making smart investments out of it.
