Mortgage Insurance MI

Mortgage Insurance – Who needs it?

Who needs Mortgage Insurance? If you’re buying a house with less than 20% down payment, the answer is YOU. Mortgage Insurance is often abbreviated in the industry as “MI”. Some conforming home loans with less than 20% down do offer “No MI” or Lender-Paid MI. That option can be advantageous if you only plan to be […]

Zero Down, 100% Financing – USDA Loans from USDA Rural Development

USDA Loans USDA Loans are a popular option for home buyers desiring 100% Financing. Now, they’re are even better! Effective October 1, 2016, USDA Rural Development has announced they are reducing their fees: Reduction in the Upfront Guarantee Fee: the upfront guarantee fee for purchase and refinance transactions will decrease from 2.75% of the loan amount to 1.00% […]