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…
3 Conventional Loans for First Time Home Buyers
Conventional is great for those with a 20% down payment but what about First Time Home Buyers who don’t have 20% to put down? Here are 3 Conventional loan programs…
5½ Reasons FHA is Better than Conventional
FHA is a great home loan program to help those looking to buy a home with little to no money down. But it’s gotten a bad rap, especially compared to…
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…
How to Avoid Mortgage Insurance
Eric Newman has a great video on YouTube about mortgage insurance. I would encourage you to check it out however I want to provide a bit more meat. I would…
12 Mortgage Terms You Should Know
Going through the mortgage and home buying process can be stressful. Part of that stress is the unknown. Not knowing what to expect. Not knowing the terms being used. Today I…