Is Mortgage Insurance Required Regardless of Your Down Payment?

House, keys, and calculator on top of paperwork
Do you know what to expect when it comes to mortgage insurance as you work to become pre-approved for a home loan and eventually secure your home loan from a loan officer? In my last blog post, I touched on the basics of home loan insurance (read here!). In that post, I explained that you are
Read more
No Comments

Mortgage Insurance: Explore Your PMI/MIP Home Loan Insurance Options

mortgage insurance image
Trying to secure a home loan? Looking to get pre-approved as a first-time homebuyer?  Before selecting your lender and starting the home-buying process, it’s important to know what mortgage insurance is and how it works. Let’s get started!  What is Mortgage Insurance?   Private mortgage insurance (PMI), sometimes called mortgage insurance premium (MIP), is an
Read more
No Comments

Important Changes in FHA MIP Calculations

FHA loans have grown substantially over the past decade, primarily because of the benefits that these loans offer to families with low to modest budgets. The perks to choosing an FHA loan, one that is backed by the Federal Housing Administration, are plentiful and include lower down payments, more forgiveness toward poor credit and the
Read more
No Comments

Tips for getting the mortgage loan you want

A mortgage loan is probably the largest loan you will ever take on, and certainly the most complex. Getting a loan these days is not easy, but with a bit of planning and preparation, you stand a better chance of getting the loan you want. Our tips for getting the mortgage you want: Before you
Read more
No Comments

How to Calculate Monthly Mortgage Payments

It is important for anyone who is considering obtaining a home mortgage to learn how to calculate monthly mortgage payments or the amount of money you pay each month to buy your home. A variety of factors play a role in what this cost will be, including your interest rate, the length of the loan,
Read more
No Comments