Saturday July 5, 2008 12:42 PM ET | U.S. Markets are Closed
Private mortgage insurance is only required when you put less than 20% down.
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Now that credit and mortgage money are tighter than they have been in the past, if I put less than 25% down on a house will I have to buy mortgage insurance? If so how much should I allow for the monthly payment?
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No matter what, it's a good idea to keep socking away money towards retirement. A more immediate question though is what you plan to do with the property. Are you looking to sell it? Or hang onto it until the real estate market recovers?
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Like a lot of folks I purchased a residential property in the hopes of flipping. You know the rest of the story. I pay 1000.00 per month on an interest only loan that will mature in 4 years and I will still owe the same amount. I contribute the max to a ROTH IRA and 5% to a 401K. Should I stop the c...
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