FHA loans are well known for helping buyers obtain a very affordable house payment. Well FHA, one of the most popular loan programs, just became even cheaper because HUD lowered FHA PMI rates for the 2nd time in 2 years. The Federal Housing Administration will... Read More
FHA PMI or MIP has been in the news in big ways over the last 3 years. There have been enhancements which helps buyers achieve home ownership easier. Plus the payments are more affordable. Recent Changes in FHA Costs The Federal Housing Administration decided in ... Read More
We continue to hear threats of axing the mortgage interest and PMI tax deductions. So what is the latest? Low to Middle level taxpayers take their tax deductions seriously and want everything possible that will lower their tax burden or better yet, increase their ... Read More
We were asked recently “Do you have any decent programs for second home buyers?” and the quick answer is “Yes, there are a lot of creative ways to finance the purchase of a second home”. These financing options include purchase loans on the... Read More
Lender Paid PMI or LPMI is a great way to potentially lower a home loan monthly payment. Let’s face it, everyone wants as low of a mortgage payment as possible! No one says give me the biggest payment you can, right? Well, one solution for receiving a lowe... Read More
Homebuyer Series: Understanding Mortgage Home Loan Options for First Time Buyers No to Low Down Payment Options In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership. So far in previous weeks, we have discussed how to solve 1... Read More
All types of mortgage loans Just in our office we see so many different mortgage scenarios and we have always taken pride in knowing a large array of mortgage products. We don’t just take the cookie cutter loans. We tackle the difficult situations for the g... Read More
Many buyers, especially first time buyers, do not have 20% down payment. Luckily there are a lot of mortgage loans offered with less than 20% down required. Besides VA, USDA, and FHA, there are conventional loans. For these Fannie Mae and Freddie Mac loans, pri... Read More
PMI private mortgage insurance advantages & strategies for lower down payment and payment When does PMI stop on FHA, USDA, and Conventional Loans? Can PMI stop on my loan once I am under 80%? Not on many loans! So when does PMI stop on my loan? We hear quite... Read More
FHA lowers PMI drastically which saves buyers money FHA has just made financing the purchase or refinancing of a home cheaper by lowering the amount of monthly payment of mortgage insurance premium by over 1/3! The latest announcement by HUD states that the monthly... Read More
Check Out The Latest
- Mortgage Rates Trend and an Improving Economy – How it Impacts YouMarch 13, 2017 - 4:41 pm
It has started. You hear the buzz everywhere talking about the future of interest rates, economy, and real estate market. How many times will the Fed raise rates this year? Should I lock in a mortgage rate now? How is the job market doing? Are housing prices going up? No one has a crystal ball no […]
- What is a Private Road Maintenance AgreementMarch 7, 2017 - 9:13 am
Private roads. These 2 words can make Realtors cringe! Because agents know these words may cause some issues during the loan process. But there are solutions. So while looking for the perfect home, let’s say you come across the perfect one on a private road. “No big deal to me!” says the buyer. Well, private roads […]
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