Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
March 2, 2020
An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]
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Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance
February 21, 2020
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.
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February 14, 2020
Have you found a home that you love, but it’s in bad shape? The 203k loan may be a perfect way to purchase a home that is a little rough […]
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FHA Loans · Mortgage Rates · Refinance
February 12, 2020
FHA loans closed at the highest clip in the past 18 months. Over 74.2 percent of FHA loans closed in the month of December, up from about 74 percent in […]
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FHA Loans · Understanding Mortgages
February 11, 2020
A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
January 7, 2020
Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]
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October 17, 2019
When you get an FHA loan, you pay a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium (also known […]
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February 1, 2017
An hour after Donald Trump’s inauguration on January 20, his administration suspended the previous administration’s cut to FHA annual mortgage insurance premiums (AMIP). Announced on January 9, the rates would […]
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January 9, 2017
Editor’s note: FHA rolled back this proposal, and FHA mortgage insurance did not change from previous levels. To see current FHA insurance premiums, see our FHA loan page. The FHA is […]
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January 1, 2017
Some people just don’t have perfect credit or a big savings account. These are some of the folks who might be the best candidates for an FHA loan these days. […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
