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Hi, Everyone.
I am currently looking to refinance my current ARM mortgage(within the next month and a half).
I have a question about avoiding the Mortgage Insurance premium.
This is our main home, bo...
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Is mortgage insurance on primary residences based on the appraised value of the home or the purchase price of the home? I know, for me, it's 80% but I'm not sure what it's based on. What's the norm?
(I will, of cou...
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I am closing on a FHA owner occupied next week. I have mortgage insurance of $80 a month. That cuts into my cash flow. How do I get rid of that expense?
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should I get mortgage insurance on a rental property? Good idea?Thanks Ryan
This year will be my 5th and final year of paying $123.23/mo of mortgage Insurence on my FHA mortgage.
Since the mortgage Insurence will expire at the end of the year, will my mortgage payment decrease by $123.23 or ...
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Hello BP
I have a question about Commercial Mortgage Insurance. I would like to know what criteria the underwriter would look for when issuing the insurance. What insurance amount will they issue? Will they i...
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I found out today the monthly cost of a house I am looking to buy. The montly cost is roughly 1700, 180 of which is mortgage insurance. I am only putting 5% down on the house. I was told the reason i must pay the ...
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I'm looking to stay in this house a while and I'm just wondering is it worth paying 15k to 25k down on a loan if the PMI will be like 80 to 100 a month? Sorry if the question is in the wrong place.
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Hi all:I'm a first-time home buyer in the market for a small multifamily . Ive been looking into using the FHA loan, or something similar in order to take advantage of the low down payment. However, years of paying P...
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On one of our recent flips we were hit with a new requirement. The lender stated that the PMI compnay required 6 months seasoning of title before they will insure the mortgage. Has any one else seen this? The mort...