Private Mortgage Insurance (PMI) is something many homeowners are familiar with—especially if you bought your home with less than 20% down. While PMI can help buyers qualify for a loan with a smaller down payment, it can also add a significant monthly cost to your mortgage. The good news? In some cases, PMI can be […]
Home Equity: What It Is and Why It Matters
Home equity is your home’s value minus what you owe on your loan. It’s like having built-in savings! This opens doors for options like a home equity loan or a cash-out refinance. Owning a home is a powerful way to build wealth over time. The key is building equity, which essentially turns your mortgage payment […]