CONGRESS RESTORES IMPORTANT TAX DEDUCTION

Good news for Borrowers who are paying mortgage insurance as part of their mortgage payment! Borrowers with adjusted gross income of $100,000 or less may deduct 100% of their mortgage insurance premiums on their federal tax returns for the years … Continue reading

NO, YOU DON’T HAVE TO REFINANCE JUST TO CANCEL YOUR MORTGAGE INSURANCE

I repeatedly receive telephone calls from consumers looking to refinance their conventional mortgage simply to drop their expensive monthly mortgage insurance. A refinance is not necessary to accomplish this! A refinance is a costly way to accomplish something than can … Continue reading

CANCELING PRIVATE MORTGAGE INSURANCE

CANCELING PRIVATE MORTGAGE INSURANCE

More and more Borrowers are opting for Conventional loan products as mortgage insurance is not required to be on their loan for the life of it as it is with an FHA loan.  Following you’ll find what it takes to … Continue reading

BEWARE THE BURSTING MINI-BUBBLE!

WHAT IS MORTGAGE INSURANCE?

Mortgage insurance (MI) provides financial protection to Lenders and Investors in the event a homebuyer defaults on their mortgage.  Mortgage insurance does not provide mortgage life insurance which would pay off your mortgage in the event one were to be come … Continue reading