mortgage insurance: Rate Drop Brings Refinance Opportunity - 05/13/14 01:50 AM
According to Freddie Mac's latest weekly mortgage survey, rates on home loans hit their lowest levels of the year in the past week. This is good news for potential homebuyers as it has lowered the cost of owning a home. It is also good news for those who are considering refinancing their home loan as well. Those who are considering refinancing can take advantage of lower rates to lower their monthly housing payments. In addition, there are several other benefits that someone who is contemplating refinancing might consider:
Building equity more quickly. Rates on 15-year loans are significantly lower than 30-year … (1 comments)

mortgage insurance: An Important Mortgage Insurance Option - 10/04/13 03:40 AM
Many consumers do not understand the term “mortgage insurance” — both what mortgage insurance represents and what mortgage insurance options are available to them to help finance their homes.  First, mortgage insurance exists to help lessen the risk to a lender when a consumer puts less than twenty percent down on a conventional mortgage. Basically, the lender is able to lend with a lower down payment because the consumer purchases mortgage insurance which covers the lender for part of the risk if the consumer defaults.  It should be noted that Federal Housing Administration (FHA) mortgages, a type of government loan, also requires mortgage insurance.  … (0 comments)

mortgage insurance: Mortgage Insurance Eliminator - 10/03/13 03:19 AM

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mortgage insurance: Mortgage Insurance is going to continue to be tax deductible for borrowers! - 12/19/07 07:28 AM
Turbulence in the mortgage marketplace has been big news in 2007. But here's something bigger...and better! MI Tax Deductibility is back and this time for three more years. This week, our United States Congress has approved or renewed several tax relief measures to keep the dream of homeownership alive for both new homebuyers and existing homeowners. The extension of MI tax deductibility is top among them. The legislation itself is no different than what was passed last year. MI premiums are still fully deductible for taxpayers earning up to $100,000, and partially deductible for those with incomes between $100,000 and $109,000. The … (0 comments)

 
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Kevin Warren

Virginia Beach, VA

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