Category : mortgage : Insurance

Can I Waive My FHA MIP?

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The mortgage insurance premiums required with Federal Housing Administration loans are similar to the private mortgage insurance private required by traditional lenders. Typically, when you obtain an FHA loan, one of the requirements to getting the loan is that you pay both an up-front mortgage insu

FHA Rules for Brokers

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Rules have changed for brokers originating FHA loans.Sold Home For Sale Sign on Burst image by Andy Dean from Fotolia.comThe Federal Housing Administration was created in 1934 to increase the number and range of homeowners in America. Historically, the government agency has helped...

About a Second Mortgage

mortgage
Mortgages enable banks and other home lenders to offer funding in exchange for a lien that a borrower pledges against real property. Second mortgages are often utilized to cash out some of a homeowner's equity for a variety of purposes. Your home equity is the sum of the difference between the value

Florida Mortgage Insurance Laws

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Mortgage insurance laws protect the insured from unfair practices.house image by Cora Reed from Fotolia.comMortgage insurance or a mortgage guaranty is the cover used by lenders to offset any losses on a property that falls into foreclosure or is set up for a short sale. It is essential...