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Category: Mortgage Tips

FHA Mortgage Insurance: How MIP Works and What It Costs

FHA Mortgage Insurance: How MIP Works and What It Costs

FHA loans include upfront and annual mortgage insurance. Learn how MIP works, what affects the cost, how long it lasts, and how you may remove it later.

How a Mortgage Buydown Can Lower Your Interest Rate

How a Mortgage Buydown Can Lower Your Interest Rate

A buydown lets you pay upfront to lower your mortgage rate, either for a few years or for the life of the loan. Learn how it works and when it

What Is a Typical Down Payment? Options by Loan Type

What Is a Typical Down Payment? Options by Loan Type

Most buyers put down less than 20%. Learn how down payments work, the minimums for conventional, FHA, VA and USDA loans, and how to pick your amount.

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