by Summit Mortgage Corporation | Mar 16, 2018 | down payment assistance, down payments, FHA home loan, Home Buying Process, Mortgage Myths, USDA home loan, VA home loan
Mortgage Myth: “I’ll need a lot of cash in order to buy the home I want. I’ll never be able to save up enough money for a down payment.” Your actual down payment amount will depend on what type of loan you qualify for and a variety of other factors. There are...
by Summit Mortgage Corporation | Jan 11, 2017 | Federal Housing Administration, FHA, FHA home loan, home buying, home loan options, home loans, HUD, Miles D. Rusth, Miles Rusth, mortgage, Mortgage Industry News, Mortgage Insurance Premium, mortgage news, reduced rates
Exciting news from the Federal Housing Administration (FHA)! The improving housing market has lead to the announcement that the annual Mortgage Insurance Premium (MIP), that most borrowers pay, will be reduced by a quarter of a percent. These new rates are...
