Private Mortgage Insurance (PMI): What It Is, How It Works, and How to Get Rid of It

Key Takeaways: PMI is required on conventional loans with less than 20% down. It adds to your monthly costs but can be removed once you reach 20% equity. You can avoid PMI with a larger down payment, VA loan, or piggyback loan. If you’re buying a home and planning to put down less than 20%, chances

Fed Frets About Inflation as Kevin Warsh Prepares To Take Over

Concerns about inflation increased last month among members of the Federal Reserve's rate-setting board, as Jerome Powell presided over his final meeting as Fed chair. Inflation worries dominated discussion during the April 28-29 meeting of the Federal Open Market Committee, newly released minutes s

Retirement Could Cost $2.5 Million by 2043: Is Your Home Your Only Safety Net?

Retirement costs are skyrocketing—for this generation and the next. The Goldman Sachs Retirement Survey 2025 estimates it could cost roughly $2.57 million to retire by 2043, up from $1.75 million in 2033. The reason behind these alarming figures? Inflation. Due to the rising costs of housing, health

Buying a House As-Is? Pros and Cons to Consider

If you’re shopping for a home, you may come across properties listed “as-is.” This means the seller isn’t making repairs or offering credits for defects and the buyer must be willing to accept the home exactly as it currently is. In this Redfin article, we’ll cover what you need to know about buying