How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer. Continue reading

Your mortgage lender is going to ask a lot of questions as part of its home loan application. Some of the questions might seem nosy — and downright rude. Continue reading

Fannie Mae Conventional 97 Mortgage Requires Just 3% Down THE “3% DOWN MORTGAGE” FROM FANNIE MAE For buyers looking for a low-down payment mortgage option that’s not backed by the FHA, Fannie Mae has two options — the HomeReady™ mortgage and the Conventional 97. HomeReady™ is limited to certain low-income census tracts; and areas with high minority concentrations. By contrast, […]