FHA (US Federal Housing Administration) has mortgage insurance no matter how much you put down. A lot of people assume that, since with a conventional loan if you put down twenty percent you don’t have mortgage insurance, so with FHA it must be the same. Wrong! FHA requires monthly mortgage insurance regardless of how much…

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Saving in 2019

1. If you own a home Get a mortgage checkup. If your interest rate is higher than the market or you have mortgage insurance, you may be able to refinance into a better position which would save you money.  Refinances are closing in as fast as 15 days so in 15 days you could save…

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Affordable housing is a huge issue in our country. HUD considers anyone paying more then 30% of their income towards housing as cost burdened and may have difficulty affording basic life expenses such as food. In many parts of our country I would argue the average housing payment is 42% of the majority of buyer’s…

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You will need a basic calculator for this.  The one on your phone is totally fine. In a perfect world you would talk to a great, amazing mortgage originator upfront.  However, we all know that is not realistic and if you are like me you want to crunch the numbers first to get a rough…

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