The gig economy has given many people the opportunity to make money while working on their own schedule. These project based jobs are also known as “gigs” and includes many types of work like sharing and food delivery. But those are not the only ones. Doing freelance work from home has become a mainstay of the “gig economy”.
When considering purchasing a home, our credit score follows us like a shadow. Whether this shadow is a welcome discovery like Peter Pan’s, or a little more sobering, depends on one’s credit score. However, if you’re unsure or unhappy about your credit score, don’t worry. There are easy ways to find it, improve it, and…
Our country has the largest and most powerful military tradition in the world’s history; comprised of millions of American men and women who, through their bravery and sacrifice, have afforded us the freedoms we enjoy every day. We take pride in our brave service members and offer a wide array of programs designed to benefit and support them during and after their service. One of the most notable opportunities available to military veterans is home mortgage assistance. Becoming a homeowner is an integral component of the American dream; as benefactors of that dream, it’s only right that these heroes are given the opportunity to enjoy one of their own.
Because a home purchase will likely be one of the most expensive purchases you’ll make, how you finance your purchase is one of the most critical decisions you make in the process. There are two main financing options for mortgages: FHA loans and conventional loans.
If you come up with a down payment of less than twenty percent when purchasing a home, lenders will require you to purchase mortgage insurance. This stipulation also applies to those refinancing their homes with less than twenty percent equity. Private mortgage insurance or “PMI,” is used to insure that the lender is reimbursed in the event that you default on your loan. However, PMI premiums are paid by the borrower and can be costly. In order to get PMI removed, there are a number of conditions that the borrower must meet.
Thinking of refinancing your home? So are millions of other homeowners. It should give you a sense of relief and security to know that so many people are attempting to toggle their equity in order to secure a lower interest rate, but there are a few caveats to refinancing your home that most people are…