Mortgage Backed Securities, Explained

Mortgage Backed Securities, Explained

Mortgage-backed securities are bond-like investments made up of a pool of mortgages. When you purchase a mortgage-backed security, you’re buying a small portion of a collection of loans that a government-sponsored entity or a financial institution has packaged together for sale. Investors may refer to these loans as MBS, which stands for mortgage-backed securities. Investing […]

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Underinsured Motorist Coverage: How Much and Do You Need it?

Most states have minimum requirements for liability coverage. Often set at $25,000 per person and $50,000 per accident, this type of insurance covers you when you are at-fault in an accident and cause damage to the driver and their property. If the other driver is at fault, their liability insurance will cover you. Tit-for-tat, all is well. But […]

Underinsured Motorist Coverage: How Much and Do You Need it? is a post from Pocket Your Dollars.