How to Choose and Calculate Your Private Mortgage Insurance (PMI) - 03/16/12 02:59 PM
Saving an eighth of a percent on interest rate can save a little on your monthly payment and shopping around on closing costs can save a little on your down payment but perhaps the most overlooked and costly mistake when buying a home is not choosing the right mortgage insurance if the down payment is less than 20%.  The wrong decision on this choice can cost thousands of dollars. Let’s take a generic purchase of 200,000 dollars with the minimum down payment and compare them but before that, here are some definitions that you’ll need: Borrower Paid Monthly Mortgage Insurance (BPMI) … (17 comments)

Say Goodbye to the Lowest Mortgage Rates in History - 03/16/12 12:14 PM
The market is at a turning point for the worse due to growing worries about inflation. While it is not a problem right now (although the consumer price index did just rise the most in 10 months), there are several strong economic factors emerging that typically lead to higher prices to the consumer and thus higher mortgage interest rates down the road. While the Federal Reserve said they wouldn't raise rates until 2014, Mark Zandi, chief economist at Moody's Analytics and many more economists don't believe that they'll be able to stick to that promise. A stronger dollar, improving jobs markets, … (1 comments)

 
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Charles Dailey - NMLS ID#79048

Charles Dailey

Saint Paul, MN

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iLoan - NMLS ID#4474

Address: 2324 University Avenue West, Suite 202, Saint Paul, MN, 55114-1843

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