When Is Private Mortgage Insurance Required?
PMI is an acronym you might hear when you're buying a home, but what is it short for? PMI stands for private mortgage insurance, and this is cost you will have to pay if you don't have 20% down payment.
What is PMI?
It's insurance that protects your lender, not the borrower in...
Top Reasons to Consider A Homebuying Assistance Program
There are many down-payment assistance programs available across the U.S., all of which can help you purchase a home sooner than you think. Eligibility requirements vary, but there are some common positive features found in these specialized buying programs.
The Benefits of...
Advantages and Disadvantages of Refinancing to a 30-Year Mortgage
Low mortgage rates have been in the news lately, making the option to refinance all the more appealing. Homeowners are eager to lock in these lowered home loan rates not only to save money their monthly payments but also have additional funds to invest or save for life's emergencies...
The Benefits of an FHA Loan
FHA loans are a popular home loan choice for borrowers. Qualifying standards tend to be more flexible and down-payment requirements are lower when compared to other home loan options.
Read on to see what makes an FHA loan an attractive mortgage option and learn how you can take...
What Factors Are Looked At When Applying For A Mortgage?
Before you shop for your new home, prepare to qualify for a mortgage loan. Preparing will help eliminate confusion while ensuring that the process goes as smoothly as possible.
These are six factors reviewed during mortgage approval process.
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