mortgage payment | Something On My Mind

the personal finance blog

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

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.

Apr 29, 20212 min read

PFT #20 - Personal Finance Tip: When is the Right Time to Buy a House?

Low interest rates, lack of labor and supply are the right ingredients for an unprecedented housing market; perhaps a housing bubble.

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.

Feb 28, 20217 min read

#48 - No Budget Typically Means no Planned Retirement: You Need a Fixed Budget. We'll Show you How.

According to many different surveys around ⅔ of people do not follow a budget or if they have one, they do not maintain it.

Jan 11, 202110 min read

Podcast #41 - Are You Ready for a Big Move Into the Tiny House Movement?

A tiny house is defined as a dwelling unit with a maximum 400 square feet of floor area, excluding lofts.

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.

Sep 15, 20205 min read

#24 - What is Debt-to-income Ratio and to Use it When Purchasing or Refinancing a New Home

DTI is used as a measure for loan approval. We'll this explain simple calculation to be prepared when applying for a mortgage or refinance.