Tag: mortgage insurance

FHA vs Conventional Loans

Posted on March 20, 2019 by - Buying a Home, FHA Mortgage, First Time Home Buyer, Local Michigan, Mortgage Tips

Conventional Loans are home loans that conform to the underwriting guidelines set by the Government Sponsored Entities, Fannie Mae and Freddie Mac.  In the past, conventional loans were only for elite borrowers that had 20% or more for their down payment. Times have since changed opening up great new programs for low to middle income… Read more »

How to Get Rid of Mortgage Insurance

Posted on December 20, 2016 by - First Time Home Buyer, Mortgage Tips, Refinance

How to Get Rid of Mortgage Insurance So you want to break up with your monthly mortgage insurance—we don’t blame you! When you purchased your home, there’s a good chance you didn’t have 20% to put down, right? Mortgage insurance is a great option, in that it allows buyers to increase their purchasing power, but… Read more »