Category : mortgage : Insurance

How to Modify an 80/20 Mortgage

mortgage
An 80/20 mortgage is actually two mortgage loans allowing 100 percent financing for home purchases. A first mortgage is issued for 80 percent of the purchase price and a second mortgage for 20 percent, eliminating the need for a down payment. The loans are considered controversial because with no mo

Can You Cancel PMI on an FHA Loan?

mortgage
The Federal Housing Administration was launched in 1934 to help people transition from renting to home ownership. The FHA is not a lender and does not issue mortgages. Instead, the FHA guarantees mortgages so that lenders are more willing to lend to people who can only afford a small down payment on

How to Go About Getting an FHA Loan

mortgage
If you are looking at buying a home, you most likely will need to take out a mortgage. When finding a mortgage loan, you might qualify for a Federal Housing Administration-backed loan. These are often referred to as HUD loans by banks because the FHA is part of the federal Department of Housing and