How much is the most expensive drug in the world?
The Food and Drug Administration approved late last year CSL Behring’s hemophilia B gene therapy Hemgenix, a one-off infusion that costs $3.5 million a dose, making it the world’s most expensive drug.
What is the difference between prescription and medicine?
A prescription contains all the information, personal details and instructions that a pharmacy needs in order to know what medication to dispense. Medication describes the drug(s) and/or medical appliance(s) used to treat or prevent medical conditions.
How much PMI is good?
But in general, the cost of private mortgage insurance, or PMI, is about 0.5 to 1.5% of the loan amount per year. This annual premium is broken into monthly installments, which are added to your monthly mortgage payment.
Should I pay off my PMI?
Eliminating your PMI will reduce your monthly payments, giving you an immediate return on your investment. Homeowners can then apply the extra savings back towards the principal of the mortgage loan, ultimately paying off their mortgage even faster.
What causes PMI to increase?
The lower your LTV, the higher the risk for the lender, which is why the cost of PMI often increases as your LTV decreases. Finally, your credit score also can influence the cost of PMI. The higher your score, the less risk you represent to lenders, so it may be possible to qualify for lower PMI with good credit.
How do I drop PMI on Pennymac?
Generally the PMI will be terminated automatically when the principal balance is first scheduled to reach 78% of the original value of the secured property, based on the initial amortization schedule, provided that the loan is current on the anticipated cancellation date.
Is PMI prorated?
The down payment. And the amount that remains will typically get folded into your loan. Keep in mind, depending on the type of loan you have, you may be required to pay private mortgage insurance (PMI) if you pay less than 20% down. When that’s the case, a PMI charge will be prorated into your closing costs.
What is a point in terms of a loan?
Points are calculated in relation to the loan amount. Each point equals one percent of the loan amount. For example, one point on a $100,000 loan would be one percent of the loan amount, or $1,000.
What is a 5 year fixed mortgage?
A five-year fixed-rate mortgage, also called a 5/1 ARM (adjustable rate mortgage) or a 5/1 hybrid mortgage, is a home loan that has a fixed interest rate and payment for the first five years and then becomes adjustable. There are many variations of this loan.
What does 70% loan-to-value mean?
What Does a 70% LTV Mean? A 70% (0.70) loan-to-value (LTV) ratio indicates that the amount borrowed is equal to seventy percent of the value of the asset. In the case of a mortgage, it would mean that the borrower has come up with a 30% down payment and is financing the rest.
What are the 3 types of prescription?
Schedule I drugs are available for research only and have no approved medical use. Schedule II drugs are available only by prescription and require a new prescription for each refill. Schedule III and IV drugs are available by prescription, may have five refills in 6 months, and may be ordered orally.
Can you reduce PMI?
If you can manage to pay down the balance to 80% ahead of the scheduled payments, you’ll significantly speed up how quickly you drop PMI. For the highly motivated borrowers who meet the other criteria — e.g., have been making regular payments and are willing to pay for an appraisal — this can be a great option.
What are cons of PMI?
The cons to PMI are that it remains with a mortgage until the principal balance falls to 80% below the value of the home. It may take years to reach this threshold and, until then, you’ll continue to pay it.
How much equity is in my home?
You can figure out how much equity you have in your home by subtracting the amount you owe on all loans secured by your house from its appraised value. This includes your primary mortgage as well as any home equity loans or unpaid balances on home equity lines of credit.
Is interest rate and APR the same thing?
An annual percentage rate (APR) is a broader measure of the cost of borrowing money than the interest rate. The APR reflects the interest rate, any points, mortgage broker fees, and other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate.
Why is PMI a good indicator?
Global PMI™ indices are leading economic indicators compiled by S&P Global and are widely used by economists and financial market analysts due to their ability to provide timely insights into changing worldwide business conditions.
Does every loan have PMI?
PMI is usually required when you have a conventional loan and make a down payment of less than 20 percent of the home’s purchase price. If you’re refinancing with a conventional loan and your equity is less than 20 percent of the value of your home, PMI is also usually required.
Is a 5 year fixed mortgage a good idea?
A 5-year fixed-rate mortgage is a pretty good bet if you don’t want to lock yourself into a deal for years and years but you still want certainty for longer than your standard 2-year deal.
What does MIP stand for in finance?
A monthly income plan (MIP) is a type of mutual fund strategy that invests primarily in debt and equity securities with a mandate of producing cash flows and preserving capital. A MIP aims to provide a steady stream of income in the form of dividends and interest payments.
Is 65% a good LTV?
Is 65% LTV a good ratio? A 65% LTV ratio is seen as quite low, which usually means you’ll be able to access lower interest rates for your mortgage compared to mortgages with a higher LTV – meaning smaller monthly mortgage repayments.
