For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 basis points. This is a step in the right direction to help drive home ownership. Here is what this means for your bottom line… Presently…
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FHA loans and conventional loans remain the most popular financing type for today’s mortgage borrowers. Here’s how to determine which program makes the most financial sense for you… FHA loans are insured by the Federal Housing Administration. The program contains two forms of mortgage insurance; an upfront mortgage insurance premium calculated at 1.75% of the…
Read MoreWith home prices at record lows, getting an FHA Preapproval is a smart financial decision. A big concern for a lot of folks, seeking FHA Preapproval unemployment. People simply do not buy homes if they are worried about losing their job. However these people need to live somewhere and more often than not, they most…
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