The hidden link between private mortgage insurance and your credit score

It’s something few homebuyers understand but more should. It’s the importance of your credit score when buying a home, especially if you have a low down payment and must buy private mortgage insurance.Private mortgage insurance, known as PMI, protects the lender’s investment when the borrower pays less than 20 percent down. When the homebuyer reachesContinue reading “The hidden link between private mortgage insurance and your credit score”

Up to 40 million people are at risk of being kicked out of their homes

As President Donald Trump calls for another federal eviction moratorium, a new report has shed light on just how many Americans are facing housing insecurity as a result of the coronavirus pandemic and the associated economic downturn. Between 30 and 40 million people in the U.S. could be at risk of eviction in the nextContinue reading “Up to 40 million people are at risk of being kicked out of their homes”

6 ways to cut the cost of refinancing your mortgage

A refinance is kind of like a mortgage do-over. By swapping out your home loan with a new one, you can save money with a new interest rate, tap into your equity or change the loan term. Average rates on 30-year fixed-rate mortgages have been sliding to unheard-of levels around 2.8%. But the costs ofContinue reading “6 ways to cut the cost of refinancing your mortgage”

Going cashless during the COVID pandemic makes life even more difficult for the 14 million unbanked Americans – MarketWatch

The pandemic has businesses shifting away from cash to ‘touchless transactions.’ What does that mean for America’s ‘unbanked,’ people who don’t have bank… — Read on http://www.marketwatch.com/story/what-going-cashless-means-for-the-14-million-unbanked-americans-11596664581