Why should I put down 20% when I can put down 5% and save more a month? This is a question that I hear so often. My reply is: Why pay PMI? When you go to buy a house, the banks have determined that a safe buyer is someone that can put down 20%. Therefore, … Read more
A lot of people are watching the downward slide of the housing market and beginning to wonder if it is a smart decision to buy a house. This is magnified even more with major articles coming out each day stating that the wealthy are giving up their homes to rent instead. There are many reasons … Read more
About one year ago, I began the process of looking for a home. I was so excited. After years of saving up for this moment, giving up a wedding, and every other extravagance I could think of, I had finally made it. I had 20% to put down plus closing costs and a start of … Read more
CNBC: Hundreds of protesters, emboldened by the growing national Occupy Wall Street movement, streamed through midtown Manhattan on Tuesday in what they called a “Billionaires March.”