What You Should Know About Homeowners Insurance

Homes are different from cars because you can own a home and not have to purchase homeowner’s insurance. However, the difference is if you finance your home with a mortgage, then that changes things. The lender will most likely require you to purchase homeowners insurance. This not only protects the [...]

By |2017-10-31T11:41:59-08:00November 1st, 2017|Real Estate|Comments Off on What You Should Know About Homeowners Insurance

Top Things To Know About FHA Loans

An FHA loan is insured by the Federal Housing Administration and can be issued by any lender that is FHA-approved. The FHA was established by Congress in 1934 to help lower-income borrowers according to The Truth About Mortgage. It then became part of the Department of Housing and Urban Development [...]

By |2017-10-23T10:17:08-08:00October 23rd, 2017|Real Estate|Comments Off on Top Things To Know About FHA Loans

Getting Rid Of Private Mortgage Insurance

A lender requires you to purchase mortgage insurance if you bought your house with less than 20 percent down. This is also true if you refinanced with less than 20 percent equity. The lender requires this so that they are reimbursed if you default on your loan. This mortgage insurance [...]

By |2017-10-09T14:13:07-08:00October 11th, 2017|Real Estate|Comments Off on Getting Rid Of Private Mortgage Insurance

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