What is PMI? Private Mortgage Insurance (PMI) is a type of insurance that conventional mortgage lenders require from borrowers who make a down payment of less than 20% on their home. This insurance protects the lender in case the borrower defaults on the loan. PMI is typically added to your monthly mortgage payment and can range from 0.58% to 1.86% of the original loan amount annually. For instance, using NerdWallet’s PMI calculator, if you have a $400,000 mortgage with 10% down you could be paying around $4... read more

            Spring has sprung! As the world awakens from winter's slumber, it's the perfect time to embrace a fresh start, not just in your life, but also in your home. Whether you're a new homeowner or a seasoned pro, spring cleaning your sanctuary can be incredibly rewarding. It allows you to personalize the space, identify any potential maintenance issues, and most... read more