PMI Becomes Easier, FHA More Costly
One of the first questions home buyers ask themselves when considering how to finance their upcoming home purchase is whether to use an FHA loan or a conventional…
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Conventional Loans
FHA MIP Cancellation: Real-Life Success Stories
Many people just couldn’t afford or get a conventional loan. If you don’t have 10 or 20 percent down, it can be quite hard to get that conventional…
How to Avoid Paying PMI
Mortgage insurance is an added expense homeowners pay to help protect lenders. If you don’t put 20 percent down on a conventional loan or if you choose an…
What Is The Difference Between Adjustable-Rate And Fixed-Rate Mortgages?
Comparing fixed-rate and adjustable-rate mortgages Most home shoppers choose fixed-rate mortgages without much thought about adjustable-rate mortgages. But you may be surprised to learn both types of mortgages…
VA Loan vs Conventional Loan: Which is better?
The rule is simple: If you’re eligible for a VA loan, it’s likely that this will be your best loan option. But while this is usually true, there…
Mortgage Approval Became Easier In November
Many home buyers noticed the rising rates throughout the month of November. However, some may be surprised to find out that it actually became slightly easier to be…
Conventional Loan Advantages Propel Program; Now 64% of Market
If there’s one truth about home buying after the housing market crash, it’s been anything but conventional. That’s because lenders tightened their grip on loans, making qualifications stricter,…
Conventional 97 to Require 5% Down Payment
Update for December 2014: Fannie Mae and Freddie Mac have reinstated the 3% down conventional home loan as of December 2014. For details on the 97% LTV home…
Are Fannie Mae and Freddie Mac Going Bye Bye?
In an effort to streamline and standardize how conventional mortgages are made and sold on the secondary market, the Federal Housing Finance Agency (FHFA) is proposing to marry…