Buying a home vs. Renting a home

There are several reasons why buying a house can be a good decision, including: Investment: A house can be a good investment as its value can appreciate over time, providing a nest egg for the future. Stable housing costs: Buying a house can stabilize housing costs, as opposed to renting, where

Mortgage Insurance, what is it and why is it a thing?

PMI (Private Mortgage Insurance) and MI (Mortgage Insurance) are similar in that they are both types of insurance that protect the lender if a borrower defaults on a mortgage loan.   However, there are some critical differences between the two: Source of insurance: PMI is provided by private insur

Breakdown of a 2-1 Buydown

A 2-1 buydown is a mortgage financing option where the lender provides a temporary reduction in the interest rate during the first two years of the loan. This reduction in the interest rate is called a "buydown" and is paid for by the seller or builder. Here's how a 2-1 buydown works:  In the first