Tag Archives: PMI

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Have interest rates gone down from when you originally financed your home? Has your financial situation changed since you bought your home? Has your home value increased? Answering “yes” to any of these questions could mean it’s a good time to refinance your home. Switch to a Fixed Rate Loan Refinancing can be done for … Continue reading 3 Reasons to Refinance


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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?


50 Common Mortgage and Real Estate Terms You Should Know

Real estate professionals, mortgage lenders and lawyers often speak a different language, it seems, when they’re working with clients. The following glossary of some of the most widely used terms will help you understand what they say, what they mean and how it may impact your home search or mortgage loan application. Abstract of Title … Continue reading 50 Common Mortgage and Real Estate Terms You Should Know


FHA Mortgage-The Affordable Choice, Or Is It?

FHA is the Federal Housing Administration, the largest source of low-down-payment mortgage money in the country. Its minimum down payment is just 3.5 percent, compared with anywhere from 5 percent to 20 percent or higher from conventional, nongovernment sources. For decades, FHA’s affordable financing has made homeownership possible for first-time buyers with modest incomes and … Continue reading FHA Mortgage-The Affordable Choice, Or Is It?


Fannie Mae, Foreclosures and Financing

You’re riding around neighborhoods and you see those signs in front of just about every Real Estate office offering a free foreclosure list in your area. You decide to stop and get one. Now what? More than likely the office you stopped at has offered to show you these foreclosed properties. You begin looking and … Continue reading Fannie Mae, Foreclosures and Financing