Category Archives: down payment

First Home? A Purchase Now Could Beat a Bigger Down Payment Later

Waiting until you’ve saved enough for a large down payment could be a good move in some aspects. However, buying a home now could put you ahead in a few ways. Be sure to calculate the interplay of all factors. These include … Continue reading

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Tips for Saving for a Down Payment on a Home

Saving money is never easy. It always seems to take extra effort to put that cash away. However, the bigger your down payment, the less you have to ask for from mortgage providers. Not only that, but you will be … Continue reading

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I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading

Posted in a and n mortgage, Chicago, commercial loan, conventional mortgage, credit history, down payment, FHA, fixed rate loan, lending, MIP, pmi, PMI premiums, refinance | Comments Off on I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers