What is Private Mortgage Insurance? (PMI)
Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your...
Understanding Your Credit Score GPA
If you struggle to understand credit repair and the credit repair process, a good way to break it down is to compare it to a high school GPA – or grade point average. Understanding your credit score is the first step to repairing and rebuilding your credit! Your...
Understanding Escrow in the Home Buying Process
So you’re at the point in the home buying process where you’re getting ready to get pre-approved for your home loan. As you go into the bank, they’re probably going to use some terms that you’re not familiar with at this point. One of these is...
The Cost of (Bad) Credit
Over your lifetime of borrowing, having bad credit could cost you upwards of $300,000. Someone with bad – or even average! – credit will end up paying a significant amount more for Your credit score affects almost everything you do. Having bad credit...