PFT #60 - Personal Finance Tip of the Week: The True Cost of New Appliances and Warranties
Appliances have become increasingly expensive with features and inflation. Is getting warranty coverage worth the cost?
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David Mulonas
Dec 8, 20212 min read
PFT #52 - Personal Finance Tip of the Week: Radon; The Silent Killer
Radon is a silent killer because it’s an odorless gas that we breathe in normally; and it is the second leading cause of lung cancer
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David Mulonas
Sep 8, 20211 min read
PFT #39 - Personal Finance Tip: Debt-to-Income Ratio & The Risks of Getting a Loan Approved
DTI measures the amount of debt correlated to your overall income. This helps to determine if you can get a loan approval
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David Mulonas
Jun 7, 20219 min read
#62 - Is it Better to Buy or Rent a Home? It Depends on Budgetary Discipline
Whether you choose to rent or buy your home, it is a major life decision that affects not only your lifestyle but also your financial health
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David Mulonas
Jun 3, 20212 min read
PFT #25 - Rolling In Closing Costs into a Home Purchase or Refinance
Rolling in closing costs into a mortgage avoids paying money upfront, but it is costly and signals a need to save more before buying a home
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David Mulonas
May 12, 20212 min read
Who are Fannie Mae and Freddie Mac?
Fannie Mae and Freddie Mac are government sponsored enterprises (GSEs). They buy mortgages from lenders to free up capital for borrowers.
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David Mulonas
May 10, 20215 min read
#59 - Why the FIRE Movement Should Be Called FISH: Financial Independence Side Hustle
Change Financial Independence Retire Early to Financial Independence Side Hustle (FISH). Most people cannot retire without having a job.
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David Mulonas
Apr 13, 20212 min read
What is an Emergency Fund
When it comes to financial planning one key component is to have an emergency fund. This differs from a rainy-day fund which is for...
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David Mulonas
Apr 12, 20214 min read
The 2008 Financial Crisis
The 2008 Financial Crisis was due to mortgage defaults, MBOs, CDOs. AIG needed a government bailout to pay claims and avoid financial ruin
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David Mulonas
Apr 11, 20212 min read
Loan-to-value (LTV)
Loan-to-value (LTV) is what lenders measure when a borrower buys or refinances a home. The higher the risk, the higher the interest rate.
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David Mulonas
Jan 6, 20212 min read
PFT #4 - Personal Finance Tip: What is Private Mortgage Insurance (PMI) and How to Get Rid of it
PMI occurs when you do not have at least 20% of equity or 80% loan-to-value when you purchase the home.
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