When you buy or refinance a home with a mortgage that exceeds 80% of the value of the home mortgage insurance is normally required. Mortgage insurance, or MI, provides you…
When you get an FHA loan you are required to pay mortgage insurance. There is an up-front mortgage insurance premium (UFMIP) and a monthly mortgage insurance (MIP) too. Today, we're…
![Why I Like FHA Monthly Mortgage Insurance [FHA MIP EXPLAINED]](https://lendingahand.com/wp-content/uploads/FHA-MI-Explained-sm-150x150.jpg)
Mortgage insurance gets a bad rap, but I like it, especially FHA's monthly mortgage insurance. Not because it benefits me somehow but because it's good for my clients. I explain…
Comparing FHA and Conventional mortgages requires you to look at a lot of factors. One of the biggest factors in FHA vs Conventional comparison is Mortgage Insurance. FHA MIP vs…
FHA home loans have two types of mortgage insurance - up-front mortgage insurance premium (UFMIP) and monthly mortgage insurance (MIP). I've covered FHA monthly MIP in another post so the…
Have you heard that FHA has life of loan mortgage insurance? Would you like to know the FHA mortgage insurance requirements which don't always require the mortgage insurance to be…
Eric Newman has a great video on YouTube about mortgage insurance. I would encourage you to check it out however I want to provide a bit more meat. I would…
Buying a home with less than 20% down payment is possible.Below you'll find our exhaustive list of all the no down, low down and down payment assistance programs available in…