FHA TO REDUCE MORTGAGE INSURANCE PREMIUMS

FHA TO REDUCE MORTGAGE INSURANCE PREMIUMS

Effective January 26, 2015 FHA (Federal Housing Administration) will be lowering the annual MIP (Mortgage Insurance Premium) by .50%. The current annual MIP is 1.35% and it will be dropping to .85%. when making the minimum down payment of 3.50%. This is … Continue reading

CONTINUE TO RENT? OR IS IT SMARTER TO BUY?

CONTINUE TO RENT? OR IS IT SMARTER TO BUY?

Many prospective home buyers may have questions or concerns as to whether they should continue to rent or if buying a home now is a smart idea. Home ownership provides numerous benefits to both the individual home owner and to … Continue reading