Have you heard the term mortgage insurance, MIP, or PMI during the buying or mortgage process? If you are planning to put down less than 20% when you buy a home, it is likely someone has mentioned mortgage insurance to you.…
The conventional loan is one of the most commonly used loan products to purchase a home. Also known as a conforming loan, this loan complies with Fannie Mae and Freddie Mac lending requirements. If you're considering purchasing a new home,…
The FHA loan is very popular among first time buyers. The loan is easier to obtain because credit requirements are lower. Additionally, if might often come with a lower interest rate. However, the FHA loan may not be for everyone.…
You have decided to buy, and now you are saving your pennies. My parents always preached “save your pennies and the dollars will take care of themselves.” However, despite your efforts to put aside money for a down payment and…