If you're a veteran, a VA loan might seem like the perfect option for financing a home. However, there are some important differences between VA and conventional loans which could affect your decision. Here are some of the major pros and cons of VA loans to help you make the best financial choice: VA Loan Pros No Down Payment VA loans do not require a down payment, which could potentially save you...
PMI
Photo by Gino Crescoli via Pixabay Private Mortgage Insurance (PMI) may be a common term in home buying, but not every home buyer understands exactly what it will mean for their finances. This short guide will give you the basics, so there are fewer surprises down the line. What Is PMI? PMI is a type of insurance that lenders purchase in case the homeowner defaults on their loan. While the...