In the journey toward financial stability and success, it’s easy to focus solely on the big, overarching goals. However, every step taken toward better financial health is worth celebrating.
Interested in renovating a part of your home, purchasing a big-ticket item, or making a significant life change? If so, you may be mulling over how you’ll pay for it—especially when the cost of everything is up.
If you’ve heard of private mortgage insurance (PMI), you’ve likely seen some conflicting opinions about it. One position is that PMI should be avoided at all costs. Another is that PMI isn’t a big deal, especially when a down payment of at least 20% is required to avoid it.
Between 2006 and 2016, the portion of renters in their 60s increased by a whopping 84%.1 If you’re a retiree that currently owns a home, you may be considering selling it and moving into a rental property.