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Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

How To Get Rid Of PMI MIP On An FHA Loan | 2022

March 30, 2022

An FHA loan sounded like a good idea at the time. But now that you’re paying high mortgage insurance premiums, month after month and year after year, you might not […]

FHA v Conventional: which is the best option?

Conventional Loans · FHA Loans · Home Buying · Private Mortgage Insurance

What’s Better: FHA or Conventional?

March 8, 2022

It’s not always an easy choice. FHA and conventional loans are both widely available, and both can offer competitive mortgage rates. FHA has typically been the mortgage loan of choice […]

Payment Difference between FHA and Conventional 97 - Conventional 95

Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance

FHA vs Conventional Loan: Which Is Better?

September 29, 2021

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 […]

Private Mortgage Insurance

How much is PMI (private mortgage insurance)?

March 8, 2021

How much is PMI on a mortgage? Private mortgage insurance (PMI) is usually between 0.19% and 1.86% of your mortgage balance. And you sometimes need to pay an upfront premium […]

Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance

Piggyback 80 10 10 Loans Will Save You Money in 2022

January 28, 2021

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.

Home Buying · Private Mortgage Insurance

What Is Private Mortgage Insurance?

January 25, 2019

Private mortgage insurance, also known as PMI, is a type of mortgage insurance common with conventional loans. It’s intended to protect the lender if you stop making your loan payments, […]

Ways to avoid MIP and mortgage insurance

Conventional Loans · Private Mortgage Insurance

How to Avoid Paying PMI

August 30, 2016

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 FHA or […]

Lender paid mortgage insurance and how it can help

Home Buying · News · Private Mortgage Insurance

Lender-Paid Mortgage Insurance (LPMI): Why It Can Pay Off in Today’s Market

February 4, 2015

If you don’t have 20 percent down to buy a house these days, you will be paying mortgage insurance of some kind. Mortgage insurance just helps the lender have reassurance […]

Conventional Loans · FHA Loans · Home Buying · Private Mortgage Insurance · USDA Home Loans · VA Home Loans

5 Ways to Buy a Home with 5% Down or Less

April 23, 2014

One of the most common misconceptions about mortgages is that you need 20% down to buy a home. Nothing could be further from the truth. The fact is that there […]

Conventional Loans · FHA Loans · Home Buying · Private Mortgage Insurance

PMI Becomes Easier, FHA More Costly

October 10, 2013

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 loan with […]

Category: Private Mortgage Insurance

How To Get Rid Of PMI MIP On An FHA Loan | 2022

What’s Better: FHA or Conventional?

More

FHA vs Conventional Loan: Which Is Better?

How much is PMI (private mortgage insurance)?

Piggyback 80 10 10 Loans Will Save You Money in 2022

What Is Private Mortgage Insurance?

How to Avoid Paying PMI

Lender-Paid Mortgage Insurance (LPMI): Why It Can Pay Off in Today’s Market

5 Ways to Buy a Home with 5% Down or Less

PMI Becomes Easier, FHA More Costly

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