Day: November 28, 2020

FHA to lower cost of mortgage insurance

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs.

Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan’s value to about 0.85%, the White House said in a statement Thursday.

Related: Return of the first time home buyer

As a result, a typical first-time homebuyer will save $900 a year on their mortgage payments. Existing homeowners who refinance into an FHA loan will see similar

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How can I get downside risk protection with robo-advisors?

How can I get down-side risk protection with robo-advisors?

Robo-advisors have remade the investing landscape: they’re simple, low cost and passive investments almost always outperform active investments over the long term.

For most people, the set-and-forget mode of passive investing will produce better results than trying to manage your own portfolio — or not investing at all. But while robo-advisors can do well with rules based on modern portfolio theory during a bull market, nailing algorithms during a correction, bear market, period of high inflation or higher-than-usual volatility can be more challenging.

“Because robo-advisors have a one-size-fits-all approach, the downside

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