Changes to Lending on Condos
Do you remember the condo building in Miami that collapsed in 2021 due to its structural deterioration and spalling? It was devastating, and many people died. But it also brought attention to how frequently (or infrequently) condominium projects are inspected and...“I’m Paying Mortgage Insurance – When Can I Cancel It?”
If you purchased or refinanced your home and put down less than 20% (or had less than 20% equity), then you are most likely paying Private Mortgage Insurance (PMI). PMI is charged as an insurance policy for the lender against you defaulting on your mortgage, since you...Financing Options for Buying a New Home Prior to Selling Your Current
Originally published March 20, 2023 – Updated January 2026. Market conditions and lending programs change frequently – this article reflects current strategies. Buying a new home before selling your current one is a very common goal. The primary motivation is...FHA Reduces Their Mortgage Insurance Premiums Across the Board!
GREAT NEWS! FHA has announced that they are reducing their mortgage insurance premiums across the board by 30 basis points. Mortgage Insurance can often be a dealbreaker in securing an FHA loan, depending on down payment and credit score, but this will help immensely...Loan Calculator
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