Home Ownership Over the years, you have saved $15,000 and now you want to buy a house, as you are planning to settle down in this city and raise your kids here. However, your partner is not ready to invest in a house. He sees it as a financial commitment for many years, higher living expenses and limited mobility. He has confessed that he has very limited knowledge about types of mortgage loans, points, private mortgage insurance (PMI) and down payment. Address his concerns and explain him why do you want to buy and move in to a house. (use vocabulary - financial benefits, investment, type of loans, ideal loan, down payment, PMI and points)