Peter G. Miller, author of The Common Sense Mortgage, is a real estate columnist syndicated in newspapers nationwide. Peter has been featured on Oprah, the Today Show, Money Magazine, CNN and more. Follow Peter on Twitter
November 15, 2022
Question: What is “mortgage life insurance” and why do I need it when I already have private mortgage insurance? Answer: Private mortgage insurance and mortgage life insurance are two very […]
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August 11, 2022
Question: We received a letter from our lender saying our mortgage has been sold to someone else. Have we done something wrong? Is there some kind of problem here? Answer: […]
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July 24, 2022
The typical new car loan costs $648 per month, while the average new lease costs $522 per month, according to an Experian report from the first quarter of 2022. Since […]
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May 1, 2022
Question: Rates have risen since I got a mortgage so I don’t want to refinance. What’s the quickest and easiest way to knock down my mortgage balance and owe less […]
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January 1, 2022
Question: We want to buy our first house with FHA financing, but the cost of mortgage insurance is shocking. Don’t you agree that the cost of interest and FHA mortgage […]
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January 1, 2022
Question: My boyfriend and I would like to buy a small house. Will lenders have extra requirements for us because we’re not married? Answer: According to the Consumer Financial Protection […]
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Uncategorized · Understanding Mortgages
January 1, 2022
Question: We want to purchase a home for $295,000. We spoke with a loan officer about financing with an FHA mortgage and found out we qualify. However, to get FHA […]
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January 1, 2022
Question: The company where I worked for eight years closed several months ago and as a result, I lost my job. As an alternative to seeking another position, I decided […]
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January 1, 2022
Question: We want to apply for a mortgage but are worried we don’t have enough income. A loan officer told us we might have extra borrowing power as a result […]
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January 1, 2022
Question: We placed our home for sale and now an offer has come in: The buyer wants a seller-financed transaction, one where we would take back the mortgage. What are […]
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