Best of Personal Finance Archives

What is mortgage insurance?

What is mortgage insurance?

Private mortgage insurance (PMI) is insurance for your mortgage holder or lender, not for you, the homebuyer. PMI protects your lender in case you are unable to make payments on your mortgage and default on [...]

Existing home sales see full year of decline

Existing home sales see full year of decline

January marked 12 consecutive months of declining existing home sales as sales fell 0.7 percent during the month to a seasonally adjusted annual rate of 4 million units, representing a 38.4 percent decrease [...]

Total consumer credit grows $11.6 billion

Total consumer credit grows $11.6 billion

Total consumer credit rose 2.9 percent at a seasonally adjusted, annualized rate in December and is up 7.8 percent compared to a year ago. Revolving credit – primarily credit cards – rose 7.3 percent [...]

Why is budgeting so important?

Why is budgeting so important?

Ask any financial expert what you have to do to control personal finances, and they’ll tell you the first step is creating a budget. For that matter, they’ll probably tell you that creating [...]

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