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Blown Mortgage

First Time Home Buyer Programs | Home Loans | Refinance

JMcHood

HELOC or PMI – Which is the Better Option?

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You found a home you love, but the problem is you do not have 20% to put down on the home. Before you walk away from what you thought was your dream home, consider your two options. You can pay PMI or take out a HELOC. Before you decide which option is right for you, learn about the differences here. What is PMI? PMI or Private Mortgage Insurance is an insurance policy that … [Read more...] about HELOC or PMI – Which is the Better Option?

Documents for a Self-Employed Borrower on FHA Streamline

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The FHA Streamline loan allows current FHA borrowers to refinance their loan with very little verification. The major premise of the loan is the lack of need for an appraisal. This allows even an upside down or a self-employed borrower to refinance and save money every month. Because the streamline loan requires borrowers to have an on-time mortgage history, the FHA feels … [Read more...] about Documents for a Self-Employed Borrower on FHA Streamline