100% Mortgage Financing A Way To Avoid Private Mortgage Insurance

Ideally, traditional mortgage lenders want new homebuyers to have a 20% down payment when purchasing a new home. Thus, if purchasing a $200,000 home, you should be prepared to have $40,000 as a down payment. Unfortunately, many people do not have this kind of money lying around. For this matter, private mortgage insurance (PMI) was … Read more

Mortgage Loan Types- Which Type Is For You

What mortgage loan types are available for those who wish to fulfill the dream of owning a home? There are several loan types available and each has their advantages. The three major loan types are VA, FHA and conventional. A conventional mortgage loan is the most basic type and the easiest to understand. When you … Read more