Canceling PMI can save you thousands. If you own a home and you put less than 20% down, it’s likely you have Private Mortgage Insurance, or PMI. This is insurance that you, the borrower, pays to protect your lender if you default on your mortgage. Stated another way, the loan-to-value ratio (LTV) is too high […]
In the early 2000s, property values were rising at a rapid rate and bringing with it newfound home equity. As property values rose and mortgage rates dropped, the temptation to refinance and take cash out became irresistible for many. This financial transaction is not so affectionately known as “using your home as an ATM.” It’s officially known as […]
Retirement Home Purchase: 4 Questions Answered is a guest post from Dave Rowan, CFP® and founder of Rowan Financial, LLC. You’ve spent the last few years researching where you’d like to buy a retirement home. You’ve vacationed at several different locations, spoken with friends and relatives and narrowed your search. This coming winter could finally […]
Guest post from Andrew Comstock, CFA with Castlebar Asset Management In my financial planning discussions a question that universally comes up with clients (young and old) is should they pay more on their mortgage each month or take the extra money and invest it. The answer is not always straightforward and there is no rule […]
