What is per diem interest? How it works and why it’s charged
You may owe interest on your mortgage right away. Here’s why and how much.
3 min read
Mar 26, 2024
David McMillin
Contributor, Personal Finance
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
David's latest articles
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LGBTQ homebuyers: Know your rights under state and federal law
It’s your biggest defense against housing discrimination.
5 min read Mar 15, 2024 -
What is Ginnie Mae?
You don’t interact with it. But it makes that affordable mortgage of yours possible.
6 min read Mar 12, 2024 -
Where to buy a car without haggling
Haggling is a common tactic for getting a better car deal — but you don’t have to.
3 min read Mar 11, 2024 -
54% of aspiring homeowners don’t earn enough to afford the purchase. Should you pool resources with a friend?
For many homebuyers, sole ownership is prohibitively expensive.
8 min read Mar 04, 2024 -
What is a pre-listing inspection?
A pre-listing inspection can alert you in advance to repairs a buyer might ask for.
5 min read Mar 01, 2024 -
How much cash should you keep at home?
Physical cash is becoming less relevant as money management goes digital, but it’s a good idea to have a reasonable amount of cash at home in case of emergencies. Here’s more information about how [...]
4 min read Mar 01, 2024 -
Are condos a good investment?
They can be! But before you begin your search, be sure to have clear goals and crunch the numbers.
5 min read Feb 27, 2024