Mortgage Insurance Elimination From Conventional Loans

Mortgage insurance is generally due on basic conventional loans with down payments below twenty percent. The premium is payable monthly and included in the mortgage payment. Mortgage insurance elimination from conventional loans can save hundreds off your monthly payment, so it is a good idea to

NH FHA Mortgages Decreased Mortgage Insurance Premiums effective January 26, 2015

It was just recently published that the mortgage insurance premiums for FHA mortgages is reducing. This will truly help home buyers currently looking. In this blog are some facts on on NH FHA mortgages decreased mortgage insurance premiums. Effective January 26, 2015 NH FHA mortgages decreased

New Lender Disclosure Documents Beginning Aug. 2015

When you obtain a home loan, you receive a series of forms to review. It is a bit confusing. Each of these was created by different laws over the years. In many cases, they have overlapping details, which can make them even more difficult to understand. The new lender disclosure documents beginning

Cancelling PMI From FHA Home Loans Issued Prior To June 3, 2013

Many borrowers who use FHA loans were persuaded by the low down payment option. Given that PMI is usually charged on mortgages for greater than 80% of the purchase price, most FHA buyers have PMI charges each month. The process for having that fee cancelled depends on when the loan was issued

Introduction To Home Construction Mortgage Solutions

If you are thinking of building a new construction versus purchasing a resale, it is helpful to know the mortgage solutions on the market. Financing new homes is very different from that of an older home. The conditions, interest rates, and process will vary. Here are some common home construction

5 Factors For Refinancing A Loan – NH Refinance Considerations

Refinancing your home loan can result in big savings if completed under the right conditions. Every mortgage and homeowner varies, so a good time to refinance for one homeowner may not be for others. Before making a decision to refinance, think about these 5 factors for refinancing a loan. 5 Factors

NH Home Loan Interest Rate Vs. APR

When considering home loans, you typically encoutner the terms interest rate and APR. These are often misinterpreted as being synonymous, but they are actually calculated differently. It is important for borrowers to compare both. Below are details on NH home loan interest rate vs. APR. Interest

Summary Of The Qualified Mortgage Rule For NH Loans

The qualified mortgage rule was issued by the Consumer Financial Protection Bureau in January 2013 as part of the Dodd-Frank Reform Act. It actually takes effect January 2014 and determines the way companies must evaluate and verify facts for consumers. A summary of the qualified mortgage rule for

Refinancing VA Home Loan Programs In NH

Borrowers with VA loans have the option to easily refinance to a better interest rate through a special program. This is often referred to IRRRL which stands for Interest Rate Reduction Refinancing Loan. Any VA authorized lender can offer this program. The following is an overview of refinancing VA

NH FHA Loan Program Information

FHA is a loan program where mortgage insurance is subsidized with federal funding. Most major mortgage companies offer it. Although it is often used by first time buyers, it is not restricted to them. This blog provides NH FHA Loan Program Information and pre-approval guidance to help you determine