article thumbnail

Buying a Home With the Help of Mortgage Insurance

Prairie Eco-Thrifter

If you’re one of the many people who can’t afford to put down the preferred 20% down payment, then you will be required by the lender to get mortgage insurance. The Definition of Mortgage Insurance. Private mortgage insurance , orPMI, protects the lender and investor from loss, not the borrower. So, what do you think?

Insurance 185
article thumbnail

Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. Depending on your situation, you may qualify for a debt management plan.

Recession 100
article thumbnail

Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. Financial contact numbers for banks, credit issuers, insurance companies, and others. You never know when an emergency will arise. Know where these items are, and make sure other family members know as well.