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…
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…
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…
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…
20% Down Not Always Best
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…