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...
With an FHA loan, nearly all borrowers will be able to pay as little as 3.5% of the home’s purchase price as a down payment. The post FHA Loan Down Payments | Requirements 2024 first appeare...
https://mymortgageinsider.com/fha-loan-down-payment-the-complete-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/
Finding a move-in-ready house in a great neighborhood can be expensive. But if you use a Federal Housing Administration (FHA) loan for your home improvements, you could renovate a house that has...
The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation r...
https://mymortgageinsider.com/fha-streamline-refinance-rates-how-to-qualify/
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home's purchase price. The buyer puts just 10% down. This l...