Not everyone can afford the standard down payment when buying a home. Instead, they achieve their dream of home ownership through mortgage insurance. So what exactly is mortgage insurance, and how does it affect your home loan? What is Mortgage Insurance? Mortgage Insurance is an insurance policy that compensates mortgage lenders for losses due to … Continue reading Do I Need Mortgage Insurance?

FHA to Help Borrowers Keep Their Homes

Borrowers who have a high LTV (loan-to-value ratio) got some good news recently as the Federal Housing Finance Agency announced its intention to extend the Home Affordable Refinance Program (HARP) into 2017. In addition, the Agency introduced a new refinance program designed to take the place of HARP when it expires. The programs are for … Continue reading FHA to Help Borrowers Keep Their Homes

VA Loan

VA home loans, part of the original GI Bill of 1944, have flourished since the housing crash in 2008. These mortgage loans are guaranteed by the U.S. Department of Veterans Affairs and are popular among Veterans of the Armed Services. Despite their popularity, VA loans are still shrouded in mystery and misconceptions. The public perception … Continue reading Four VA Loan Myths Exposed