Home Equity Gives You Freedom
Homeowners have a net worth 40X greater than renters. Let that sink in...40X. Not just double or triple but 40 times greater net worth! The typical homeowner has a net…
Are you eligible to stop paying monthly mortgage insurance?
When you buy or refinance a home with a mortgage that exceeds 80% of the value of the home mortgage insurance is normally required. Mortgage insurance, or MI, provides you…
The Cost of FHA Monthly Mortgage Insurance (MIP)
When you get an FHA loan you are required to pay mortgage insurance. There is an up-front mortgage insurance premium (UFMIP) and a monthly mortgage insurance (MIP) too. Today, we're…
Mortgage Prepayment Strategy: Rounding Can Save You Thousands!
How would you like to pay off your mortgage early and save thousands in mortgage interest and mortgage insurance in the process? I will share a simple strategy that you…
FHA Upfront Mortgage Insurance Premium (UFMIP)
FHA home loans have two types of mortgage insurance - up-front mortgage insurance premium (UFMIP) and monthly mortgage insurance (MIP). I've covered FHA monthly MIP in another post so the…
COVID-19 Mortgage Payment Relief
Mortgage Payment Relief Available To Homeowners Impacted By Coronavirus COVID-19 If coronavirus has impacted your income, employment or health, mortgage relief options may be available to you. Fannie Mae and…
Don’t Prepay Your Mortgage Before You Read This!
No one likes having debt and since your mortgage is likely your biggest debt you've probably considered prepaying your mortgage at some point. But before you do you need to…
Try Your Payment on for Size
Buying your first home can be scary, confusing and even out-of-reach. Many struggle with saving "enough" money for down payment. I've got a strategy that will help you prepare for…
Are We in Another Housing Bubble?
The housing bubble of 2007 & 2008 followed by The Great Recession still stings a bit for those of us who experienced the bubble bursting. Some wonder if we are…
Financial Transition Plan Strategy
Have you ever read the book The Go-Giver? If not, check it out. The premise of the book is to give and by giving you shall receive. Jim Rohn has…