Mortgage Insurance With Mortgage Mark

MI Factors

The costs of Mortgage Insurance (MI) varies from program to program and the government-backed programs (like FHA, USDA, etc.) have predetermined┬áMI factors that only vary based on the Loan to Value (LTV) and the loan term (i.e. 30 year vs. 15 year fixed). Conversely, the costs of MI for conventional loans (i.e. loans that aren’t […]

Home Buying 101

Home Buying 101

The links below have been written for first-time home buyers (or for anyone that needs a refresher on mortgages). The three most common questions we get are: “What are the rates?”, “What are the fees?”, and “What are the payments?” Please review the sections below for answers to these questions and let us know if […]

Mortgage Insurance Overview

Mortgage Insurance, PMI, MIP, MI – it’s all the same (sort of). PMI is mortgage insurance for conventional loans, MIP is for government loans (like FHA and USDA), and Mortgage Insurance, aka “MI” is the generic term for all types of mortgage insurance. Bottom line: Mortgage Insurance protects the lender against losses if a borrower […]

Home Loan Basics With Top Lender Mark Pfeiffer

Home Loan Basics

So you’re starting the due diligence process and want to know more about mortgage financing. Regardless of whether it’s a purchase or refinance home loan, these are the three most common questions we get from our clients when starting: What are the rates? What are the fees? What are the payments? In an attempt to […]

Mortgage Insurance Cancellation From The Best Lender in Frisco Texas 200 x 200

Mortgage Insurance Cancellation

Mortgage Insurance Cancellation Let’s face it, nobody likes Mortgage Insurance and the sooner you can cancel PMI the better. The information below is to serve as a guideline to mortgage insurance cancellation and is not intended to serve as legal advice. (Compliance made us say that). This content is directed towards loans that were originated […]