6 Things New Homeowners Waste Money On » Mortgage Masters Group

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Many of us are told by financial gurus and experts that paying private mortgage insurance (PMI) is a waste of money. PMI is a fee you pay on your mortgage until you owe 80 percent or less of what your home is worth. It’s one reason why so many experts advise homebuyers make a 20 percent down payment; if you do, you avoid the evils of paying.

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There is a little known Free Government Program called the Home Affordable Refinance Plan (HARP) that has helped millions of Americans. By refinancing your home at a lower interest rate, you could save as much as $4,000 a year. But the time to act is now, HARP is scheduled to.

Homeowners Insurance vs. Home Warranty Mortgage Masters Group 3.8 million home loans are delinquent, and prime loans are going into foreclosure faster than sub prime loans. For those with credit issues, purchasing a home can seem like a huge hurdle.

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6 Things New Homeowners Waste Money On Mortgage Masters Group . mortgagemastersgroup.com Once you buy a home, it’s tempting to completely upgrade your lifestyle-but hang on, you may need that cash. Here are six major expenses buyers can avoid.

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