I’ve been reading with interest Millionaire Mommy Next Door‘s recent posts on renting vs. owning. She makes some very good points that run counter to a lot of people’s emotional decisions, and honestly, if I wasn’t already committed to owning (we started buying our house before the bubble made things crazy and have an extremely [...]
Read More >>I just read a very sobering article that is documenting the woes of some families who have interest-only mortgages or adjustable rate mortgages (ARMs). I highly recommend reading the whole article (especially if you’re in this situation or know people who are, because there are resources mentioned at the bottom that might help) but here [...]
Read More >>Some of you may be familiar with private mortgage insurance (PMI). With most types of mortgages, if you finance more than 80% of your home purchase, you are required to purchase PMI, which is not for your benefit but for the benefit of the lender. If you default on your loan, the lender is protected [...]
Read More >>ABN AMRO happens to be the bank holding our mortgage, so a few things have caught my eye recently. First, we recently received a letter from them telling us that we were among the 2 million customers whose data is on a tape that was lost in transit to a credit reporting bureau. This wasn’t [...]
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