Recently, we received 8 offers on a property. After discussing with th ... more
With lender paid MI, there is no upfront mortgage insurance premium.
With an FHA loan, the MI premium is paid mon ... more
Although the home owner (seller) may not want to assist with closing costs on a transaction...especially in today's market in Contra Costa County. ... more
As mentioned below, currently MI expires in five years and when loan to value drops to 78%
Effective June 3, 2013 MI Will No Longer Expire!
http://portal.hud.gov/hudpor ... more
If you are using your wife's income alone - no worries at all. It is possible that with FHA, if you can show you are in a payment arrangement with the collectors, the ... more
(1) Searching for a home in a market with VERY limited inventory in your price range
(2) Intense competition from investors with cash
(3) Multiple offers on almost prope ... more
Your closing costs would be very minimal because you buy the property cash. (no broker fees, no lender fees, no processing, no lender insurance policy, no appraisal, etc...) ... more