Mortgage Myth: “You Need a Big Down Payment to Buy a Home”

  Mortgage Myth: “I’ll need a lot of cash in order to buy the home I want. I’ll never be able to save up enough money for a down payment.” Your actual down payment amount will depend on what type of loan you qualify for and a variety of other factors. There are...

FHA Plans to Reduce Annual Insurance Premiums on Mortgages

  Exciting news from the Federal Housing Administration (FHA)! The improving housing market has lead to the announcement that the annual Mortgage Insurance Premium (MIP), that most borrowers pay, will be reduced by a quarter of a percent. These new rates are...