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Lies Mortgage Shoppers Hear
    December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase.  Is there a danger that people won?t tell me the truth?  Any lies I should look out for in particular ... more...

Who Should Take an FHA Mortgage?
April 24, 2000, Revised October 31, 2002, March 14, 2003, September 7, 2004 "We recently purchased a home with 20% down, with mortgage insurance provided by the Federal Housing Administration (FHA). When we closed on it, we were ... more...

appraisal mortgage loan appraiser insurance house construction fha related definitions

MIP, Mortgage Insurance Premium
MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more...

FHA Mortgage Insurance
FHA Mortgage Insurance It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as MIP - Mortage Insurance Premium. By insuring the loan the Federal Government agrees to repay ... more...

More about appraisal mortgage loan appraiser insurance house construction fha

How To Get The Best Home Equity Loan
Are you wondering how to get the best Home Equity loan? Do not be afraid to shop around. If you decide that the timing's right for a home equity loan, ask your friends or family for recommendations of lenders. Comparing home equity loan plans will help you get a better deal.Contact several lenders, ... more...

How to Become a Real Estate Appraiser
Learning how to become a real estate appraiser starts with an introduction to the work itself. Real Estate Appraisers will either work for themselves or are part of a larger company. Many work for lending institutions, including banks and mortgage companies. Appraising property is necessary before ... more...

A Singles Game of Real Estate
This discussion leans toward answering questions asked most often by our youthful men and women in there early twenties. They often begin to ask themselves the question, Should I consider buying a home, condo/town-home or some other type of real estate that I can call my own? Due to the fact that ... more...

Build Your Own Dream House!
So you're thinking about building your own house, are you? Well, you've come to the right place! It's a lot of fun (hard work and eventually fun!) to build your own home and it will save you thousands of dollars(we saved over a Hundred Grand by doing it ourselves - that's pretty significant cash!). ... more...

Home Equity Loans in Texas
A few notes of importance: This only applies to a homestead property, that is the customers primary residence LTV refers to Loan to Value, meaning the loan amount as compared to the value of the home. As an example, a loan of $75,000 on a home valued at $100,000 would be a loan at 75% LTV. These ... more...

How to Finance and Build Your Dream Home
If you have always dreamed of building and living in the home youve helped design, its time to seriously consider putting your dream into action. In todays mortgage market, a specially designed loan for just such a homeowner, the construction to perm loan, includes the construction loan to ... more...

Federal Housing Administration (FHA)
FHA loan programs:FHA AccessFHA Cal GoldFHA Rural GoldFHA Mutal Mtg. InsuranceFHA 203 (k)FHA 203 bFHA 251FHA Title I programFHA MIP RefundThe Federal housing administration was created by Congress in 1934 as part of the national housing act. The purpose of the act, and of the FHA, was to generate ... more...

Six Simple Steps for Getting More Applications
When I first started out as a loan officer, one of the things I found to be the toughest, was taking an application over the phone. I just didnt seem to have the skills, nor did I have a plan. I was literally calling people on the phone and saying something to the effect of; Hello, my name is Jay ... more...

How to Convert Your Real Estate Notes into Quick Cash
If youre a real estate investor needing quick cash, selling your notes could offer a fast, easy solution. It can happen to anyone. You find yourself in a situation where you need a chunk of cashinstantly. Maybe you have to handle an emergency or simply want to free up funds to invest elsewhere. ... more...

Basic Home Loan Terms Explained
The wonderful world of home buying can sometimes overwhelm the first time homebuyer. They are inundated with information riddled with terms of art. ARMS, points, interest rates, good faith estimates, pay-downs, lock-in dates, so on and so forth. Though some or all of these terms may seem ... more...


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