FHA Loans

Private Mortgage Insurance

Private Mortgage Insurance: How PMI works and what to consider

When you’re purchasing a home, you may be required to have Private Mortgage Insurance, or PMI, if you’re putting less than 20% down. Private Mortgage Insurance is insurance to protect lenders against a loss if a borrower defaults on the loan. PMI costs will likely result in a slight increase in your overall monthly payment, …

Private Mortgage Insurance: How PMI works and what to consider Read More »

FHA mortgages

FHA mortgages: What an FHA loan is and who should consider one

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration, or FHA. This is one of the many loan options you can consider. The FHA loan mortgage program was created to make home ownership accessible to more people. The FHA does not actually lend money; it reimburses FHA lenders when …

FHA mortgages: What an FHA loan is and who should consider one Read More »