Mortgage Insurance Makes a Difference

What is Mortgage Insurance? Mortgage insurance is required when at least 20 percent of a home’s purchase price is not provided as a down payment. Basically, mortgage insurance protects lenders against homeowner defaults and encourages lenders and investors to make funds available for mortgage lending purposes. Without mortgage insurance, most home buyers would not have access to … Continue reading Mortgage Insurance Makes a Difference

Major FHA Guidelines to Change in June 2013

With the new changes to FHA financing this year, I want to update you on what this will mean for you and the action you will need to take. There are some important dates to pay attention to. As of April 1, 2013, Mortgage Insurance premiums will be going up to 1.35% from 1.25% on … Continue reading Major FHA Guidelines to Change in June 2013