Mortgages Explained: Mortgage Insurance Alternatives

March 30, 2011

If you are like most home owners you hate the idea of your hard earned money going down the drain with monthly mortgage insurance payments. And with so many homeowners defaulting on their mortgage payments over the last few years (google “housing crisis 2008 to 2011“) private mortgage insurance companies, and FHA alike, have raised their [...]

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Mortgages Explained: Top 5 Advantages and Disadvantages of the FHA Mortgage

March 28, 2011

If you found this blog post you are probably someone that is interested in financing a home purchase or refinance with an FHA loan. I hope that this blog post does not disappoint as I present the top 5 advantages and disadvantages of the FHA mortgage loan program.

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Mortgages Explained: Why can’t I order my own appraisal?

February 24, 2011

Before May 1st, 2009 there weren’t any rules about who could order the appraisal for a home purchase or refinance transaction. Also, before that date loan officers could talk and consult with an appraiser about the value of a property. Well that all changed on May 1st, 2009 with a new law called the Home [...]

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Mortgages Explained: The FHA Kiddie Condo Program

February 17, 2011

FHA (Federal Housing Administration) offers an excellent mortgage program for college students that are going away to school and whose parents would like to buy a home for them to live in. It is called the FHA Kiddie Condo program (Don’t let the name sway you. You don’t have to buy a condominium) In a [...]

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