Most of us buy a house not just for self-gratification. Yes, it is true that owning a home boosts our self-esteem, but this isn’t the primary reason we take on a mortgage in order to purchase and keep our dwellings.A shelter is a basic human need. While a home may be one of the biggest investments you’ll ever have to make, it also is a necessity which you and your family … [Read more...] about What is Mortgage Protection Insurance, and is it important?
Getting a new FHA mortgage will cost less this year as the agency is reducing its annual MIP rates by 25 basis points. This annual mortgage insurance premium (MIP) reduction, according to the FHA, will help homeowners save $500 a year.Reduced rates will apply to mortgages that closed on or after January 27, 2017.Talk to a mortgage lender near you.» 2017 FHA Annual MIP … [Read more...] about Homebuyers Will See Lower FHA Annual MIP Rates This 2017
The mortgage industry changed in the last year. Most companies have found themselves under significant financial pressure. Some mortgage firms have disappeared. Others have grown and expanded their market share by acquiring struggling competitors.The number of mortgage loan originations has also been on the rise, allowing lenders to add to the growth from mergers and … [Read more...] about Meet the Biggest Mortgage Originators & Servicers in the U.S.
Did you know your mortgage insurance may be deductible? Under certain conditions, the Internal Revenue Service (IRS) reports that homeowners may deduct their mortgage insurance premiums when filing their federal tax returns.Generally, mortgage insurance premiums paid to a government agency or program as well as private mortgage insurance (PMI) premiums connected to the … [Read more...] about A closer look at mortgage insurance
Is American International Group, Inc.'s (AIG) hosting of a conference for independent financial planners a sign that the company is rising from the ashes with the help of a newly announced bailout from the U.S. Treasury and Federal Reserve or just the latest in a string of high-profile and expensive mistakes?Two months ago, the U.S. government and American taxpayers saved AIG … [Read more...] about Past Haunts AIG as Bailout Solution Announced