As Donald Trump prepares to be sworn in next week, officials under the Obama administration are setting their respective departmental affairs in order. Poised for a transition, Secretary Julián Castro has imparted one final gift before making way for his successor. The Federal Housing Administration (FHA) has established programs aimed at helping borrowers with problematic or limited credit attain homeownership. The U.S. Department of Housing and Urban Development announced that the FHA is … [Read more...]
Getting Mortgage Insurance Quotes And How To Use The System
Mortgage insurance has crossed your thoughts if you are going to get a house. Your mortgage is insured for the lender in case it goes default. Most if not all home owners do not plan on their loan defaulting. All the better, so no need to be concerned with mortgage insurance, right? Wrong. Mortgage insurance can be used to reduce your mortgage down payment or interest rate. That seems like a good deal and is at least looking into, right? A down payment is tough for many buyers to come up … [Read more...]