Important Changes in FHA MIP Calculations
Thursday, 25 April 2013
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
- Published in Advice, Checking rates, home loan, home loan, home mortgage, Home Ownership, Home Prices, Housing, Lender, loan, Mortgage, mortgage, mortgage calculator, mortgage insurance, mortgage payment, refinance
Pros and Cons to Debt Consolidation Loans
Thursday, 28 February 2013
Debt consolidation is the act of refinancing your home, or taking out a 2nd mortgage, to pay off several smaller loans including retail or consumer loans that may not be tied to your home. It’s a way to help people gain control of their finances; instead of having all types of loans with various interest
Tips for getting the mortgage loan you want
Friday, 18 November 2011
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
- Published in loan, Mortgage, mortgage, mortgage calculator, mortgage insurance, mortgage payment
Government Help for Late Mortgage Payments
Friday, 09 September 2011
Getting behind on payments can happen to anyone, but not getting help to get caught up can mean a significant risk of losing your home. And for those who become behind or facing the prospect of foreclosure, there may be government help for late mortgage payments. Keep in mind that the government is not going
- Published in federal government's website, Lender, long-term goals, Mortgage, Purchasing a home
Finding a Mortgage Broker who specializes in Less Than Perfect Credit Mortgages
Tuesday, 28 June 2011
In days past, if you had a less than perfect credit rating it usually meant that someone was irresponsible or simply unethical in how they handled debt. Today, many hard working people have less than perfect credit due to a number of reasons not all of which are under their control. At the same time,
What is Mortgage Insurance For?
Tuesday, 31 May 2011
Simply put, mortgage insurance (also called “PMI” or sometimes simply “MI”) is designed to provide additional security for home mortgage lenders to ensure that they’ll be insured in the event of a default. The insurance doesn’t cover the homeowner: it covers the mortgage lender or banker. Mortgage insurance is a requirement for some mortgages and,
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