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Read more about the article The Cost of FHA Monthly Mortgage Insurance (MIP)

The Cost of FHA Monthly Mortgage Insurance (MIP)

  • Post author:Scott Wynn
  • Post published:21 April, 2021
  • Post category:Buy/Buying & Selling/FHA/For Buyers/Mortgage Insurance/YouTube

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…

Continue ReadingThe Cost of FHA Monthly Mortgage Insurance (MIP)
Read more about the article FHA Upfront Mortgage Insurance Premium (UFMIP)

FHA Upfront Mortgage Insurance Premium (UFMIP)

  • Post author:Scott Wynn
  • Post published:19 August, 2020
  • Post category:Buy/Buying & Selling/FHA/For Buyers/Home Buyers/Mortgage Insurance/YouTube

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…

Continue ReadingFHA Upfront Mortgage Insurance Premium (UFMIP)
Read more about the article Try Your Payment on for Size

Try Your Payment on for Size

  • Post author:Scott Wynn
  • Post published:6 July, 2018
  • Post category:Buying & Selling/Down Payment

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…

Continue ReadingTry Your Payment on for Size
Read more about the article Financial Transition Plan Strategy

Financial Transition Plan Strategy

  • Post author:Scott Wynn
  • Post published:7 May, 2018
  • Post category:Buying & Selling/Home Improvements/Home Ownership/Mortgage Payment

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…

Continue ReadingFinancial Transition Plan Strategy
Read more about the article 20% Down Not Always Best

20% Down Not Always Best

  • Post author:Scott Wynn
  • Post published:25 August, 2016
  • Post category:Buying & Selling/Conventional/Down Payment/Mortgage Payment

20 Percent...the magic number for mortgages, right?  Well, I am here to tell you that 20% down payment is not always best.  Sometimes putting down less money can be better…

Continue Reading20% Down Not Always Best

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Scott Wynn: NMLS 274886 | LMB 100018227
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Marla Wynn: NMLS 284160 | 100030122
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Citywide Home Loans: NMLS 67180
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