What is Mortgage Insurance?: Its Types & Significance
Did you know that mortgage insurance helps lots of people buy homes, even if they don’t have a big chunk of money saved up? It’s like a safety net for lenders, making it possible for folks with smaller down payments to get approved for home loans. Over the last 66 years, private mortgage insurance (PMI) […]
Mortgage Rates – Where Do They Go Now?
After the Federal Reserve statement on Wednesday you may be wondering where will mortgage rates go from here? If you are not sure what I am talking about, check out the article on NPR about the Federal Reserve statement. So what does this mean for mortgage rates? Where they go from here, may take looking […]
FHA Mortgage Insurance to increase
HUD has announced that in an effort to bolster it’s capital reserves they are going to once again increase the mortgage insurance premiums on FHA loans. The change will go into effect once they issue a mortgagee letter and set a start date. The impact would be about $17 per month increase in mortgage insurance […]
