The Federal Housing Administration has lowered mortgage insurance premiums — how does this benefit you?
The Department of Housing and Urban Development (HUD) recently announced that it’s lowering the annual mortgage insurance premium for Federal Housing Administration (FHA) loans from 0.85% to 0.55%. This is great news for those hoping to purchase a home with an FHA loan, as well as those with an existing FHA loan who would like […]
Exploring Conventional Refinance: A Guide to Lowering Your Mortgage Payments
Many homeowners are forced to stay put in their current homes in this market, but that doesn’t mean they have to be stuck with the same mortgage. Fortunately, there are multiple ways to lower your monthly mortgage payments and add some space to your budget. The most common way to do this is with a […]