The average mortgage interest rates increased slightly week over week — 30-year fixed rates went up (7.17% to 7.22%) as did 15-year fixed rates (6.44% to 6.47%). The number The post Curre...
https://mymortgageinsider.com/current-mortgage-interest-rates-today/
Some buyers find that they have built equity in the home a few years after buying it using an FHA mortgage. So they take out a home equity loan or The post Get an FHA Streamline Even if You Ha...
https://mymortgageinsider.com/fha-streamline-second-mortgage-heloc-5478/
Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the The post FHA MIP Refund Chart & ...
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Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinan...
https://mymortgageinsider.com/fha-cash-out-refinance-guidelines/
FHA Streamline Refinance loans help current FHA homeowners lower the monthly payments for their existing FHA mortgages. With this refinance option, homeowners can get approved with no home apprai...
https://mymortgageinsider.com/fha-streamline-refinance-closing-costs-6399/
One of the most common misconceptions about mortgages is that you need 20% down to buy a home. Nothing could be further from the truth. The fact is that there The post 5 Ways to Buy a Home wit...
First-time home buyers can get three big benefits from a USDA loan: Buying with no money down: Usually, home buyers put at least 3% down, and a lot of buyers The post USDA Loans: First-time Ho...
https://mymortgageinsider.com/usda-loan-first-time-home-buyer-guide/
Here’s one thing you should know as a first-time or repeat home buyer: You don’t have to come up with a down payment by yourself. Family members can help. If The post Down Payment Gift Mon...
https://mymortgageinsider.com/first-time-home-buyers-down-payment-gift-money/
Mortgage closing costs range from 2-5% of a home’s purchase price. That can add up. But, many sellers are eager to pay your closing costs in order to sell their home The post Seller Contrib...
A conventional refinance is one of the most versatile loans in today’s market. Conventional refinances can convert any type of mortgage loan into a conventional loan. Simultaneously, a conventi...