mortgage interest rates | Something On My Mind

the personal finance blog

Jul 27, 20211 min read

PFT #32 - Don't Refinance Your Mortgage Just to Refinance

There is an allure to lower your mortgage payment; however, you don’t want to refinance just to refinance.

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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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Apr 30, 20211 min read

Government Sponsored Entities (GSEs)

A government-sponsored enterprise's (GSE) function is to enhance the flow of credit to targeted sectors of the economy.

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Apr 16, 20212 min read

Should You Make Biweekly Mortgage Payments?

Many mortgage companies have a biweekly payment plan to make 13 payments each year. This can you save thousands of dollars interest.

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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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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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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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