The cost basis of any investment is the original value of an asset adjusted for stock splits, dividends and capital distributions. It is used to calculate the capital gain or loss on an investment for tax purposes. At the most basic level, the cost basis of an investment is just the total amount invested into the company plus any commissions involved in the purchase.
What do you know about PMI? You’re securing financing and your lender mentions private mortgage insurance, or PMI, and that you should consider having it. So what is PMI and how can it help you? PMI is mortgage insurance offered by private insurance companies and is used with conventional loans. Private mortgage insurance protects the lender if you stop paying your home loan payments. http://www.yocumrealty.com/what-do-you-know-about-pmi/