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How Much House Can You Afford?

How Much House Can You Afford?

“How much house can I afford” is a question with no one answer. Depending on whom you ask, you are bound to get a different answer each time. It’s not like the question “What’s ‘1 + 1’?” because that will always be “2.” There is no magical dollar amount for the “perfect” home. How much Read More

What Is Private Mortgage Insurance?

What Is Private Mortgage Insurance?

You need a downpayment to purchase a home, but if yours is less than 20 percent of the home, you may have to pay for private mortgage insurance. What is Private Mortgage Insurance?  Normally, when you go through the payment process of buying a home and want to qualify for a good mortgage, you make Read More