Electricity is one thing that is not cheap in the Philippines. Meralco customers in Manila are reporting huge increases in their latest April 2010 electric bills. Like increases to P13.25 ($0.294) per kWh.
PMI is not a cost you have to pay for throughout the life of your loan. You can eventually cancel private mortgage insurance, once your principal balance drops to 80% or less of your home's original purchase price or the amount you financed in a refinance loan. This reduces the size of the loan that you can use for the home purchase or the size of the refi loan that you qualify for. 2  It is not tax deductible, unlike the interest that you pay on the money you borrow to buy a home or to finance a refinance loan on a traditional mortgage.
The one-time fee is added to the total balance of the mortgage and financed into the loan. On Oct.1, that 3.5 percent fee will decrease to 2 percent. But the USDA will implement a new annual fee of 0.3 percent of the balance of the loan. This fee will be added to the monthly payments.Refinancers will have to pay the annual 0.3 percent fee, plus the current one-time upfront guarantee fee of 1 percent of the total of the mortgage.The upfront fee will stay unchanged for refinances.f you are refinancing: Refinancers will have to pay the annual 0.3 percent fee, plus the current one-time upfront guarantee fee of 1 percent of the total of the mortgage. The upfront fee will stay unchanged for refinances.