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What is Private Mortgage Insurance (PMI) and Do You Need to Pay it? (www.redfin.com)

What is Private Mortgage Insurance (PMI) and Do You Need to Pay it?

If you’re a first-time homebuyer you’ve surely been putting pencil to paper to estimate what your future mortgage payment, taxes, insurance, and maintenance will be on a new home. However, before finalizing your list of new homeowner expenses, one of the often-forgotten costs to consider adding is private mortgage insurance (PMI). But what is PMI and how does it work?

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Britney Spears’ Childhood Home in Kentwood, Louisiana Sells For a Song

Britney Spears’ Childhood Home in Kentwood, Louisiana Sells For a Song (www.dirt.com)

Caroline Wozniacki, David Lee Get $16.25 Million for Mansion-Sized Fisher Island Condo

Caroline Wozniacki, David Lee Get $16.25 Million for Mansion-Sized Fisher Island Condo (www.dirt.com)