The real estate industry has a trade-off between consumers and lenders. Consumers can get a mortgage with a small down payment, but lenders are then protected with buyer-paid mortgage insurance that ...
If you take out an FHA loan, you’re required to pay FHA mortgage insurance premiums (MIP). FHA MIP includes an upfront premium, typically paid at closing, and annual premiums. The cost of the annual ...
If you want to buy a house with minimal cash by using an FHA-insured mortgage, here's some sobering news: Thanks to an ongoing series of fee increases and underwriting tweaks - the most recent of ...
Let’s start off the new year with a money saving tip, especially for low-down payment, first-time owners who bought a home more than two years ago. If you bought your home using conventional financing ...
That’s why it’s critical to understand your documentation and know how much each monthly mortgage payment is impacting your ...
Alleviating the country’s housing challenges looks to be top of mind for the Trump administration. In an executive order signed by the president on his first day back in office, Donald Trump called ...
The time had finally arrived—my husband and I had saved enough for a home down payment and we were off to the bank to get approved for our first mortgage. Talking to the loan officer we discussed term ...
Mortgage insurance premiums (MIPs) are a type of insurance paid to the Federal Housing Administration (FHA) for certain mortgage loans. If you can buy a home with a Federal Housing Administration (FHA ...