Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

How to Get Rid of PMI on an FHA Loan | No Refinancing 2023

May 5, 2023

FHA loans are popular for a good reason. They help home buyers get competitive mortgage rates even if they have lower credit scores or higher monthly debts. But this loan […]

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Private Mortgage Insurance

How much is PMI (private mortgage insurance)?

November 15, 2022

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 […]

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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

November 15, 2022

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 […]

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

Piggyback Loan (80/10/10 Mortgage) | Rates & Requirements 2023

November 14, 2022

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

FHA vs Conventional Loan: Which Is Better?

August 11, 2022

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

When Lender Paid Mortgage Insurance Makes Sense

June 1, 2022

More and more borrowers today are looking for ways to finance their home purchase without making a full 20% down payment. As FHA continues to increase fees, many are turning […]

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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 […]

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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, […]

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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 […]

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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 […]

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