Tag Archive for: mortgage insurance

Home Loan Mortgage Insurance: Everything You Need to Know

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Learn how home loans mortgage insurance works, what drives the monthly cost, and the differences between private mortgage insurance (PMI) and the mortgage insurance premium (MIP) on an FHA loan. We cover when PMI can be removed, how LPMI works, and smart ways to plan your monthly mortgage payment without having to put 20 percent down.Read More

MIP vs PMI: Understanding Your Mortgage Insurance Options

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Explore the differences between Mortgage Insurance Premium (MIP) and Private Mortgage Insurance (PMI) in this concise guide. Learn about cost structures, cancelability, and key benefits to make an informed mortgage decision.Read More

Everything Homebuyers Need To Know About FHA Loans

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Are you looking to buy your dream home but worried about the hefty down payment? FHA loans might be the perfect solution for you! Whether you're a first-time homebuyer or someone who wants to upgrade to a new property, FHA loans offer a variety of benefits that can make the homebuying process easier and more affordable. In this comprehensive guide, we'll explore what FHA loans are, how they work, and how you can get one.Read More

3% Down With No PMI Requirements

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Private Mortgage Insurance, often abbreviated as PMI, is a type of insurance that lenders require from homebuyers who make a down payment that's less than 20% of the home's purchase price. But what is PMI on a mortgage?Read More

Avoid PMI with JVM’s “Zero MI” Programs

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Avoid PMI with JVM’s "Zero MI" Program - an appealing loan alternative that can help you avoid PMI when putting less than 20% down.Read More

What Every Homebuyer Must Know About Hazard Insurance

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Here are a few tidbits about Hazard Insurance, something that is required with every mortgage. Hazard insurance is also known as fire insurance and homeowners insurance, and it should not be confused with mortgage insurance, which only covers the mortgage and not the dwelling. Lenders require the “Dwelling Coverage” to match or exceed the lower of the loan amount, or the replacement cost estimate.Read More

“Private” Mortgage Insurance vs. FHA Mortgage Insurance – Huge Difference!

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I recently blogged about three options to eliminate Private Mortgage Insurance (PMI), and I received several notes asking why I did not mention FHA Mortgage Insurance. By the way, I […]Read More

How To Estimate PMI (Private Mortgage Insurance)

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An agent asked for this blog in December, and I am finally getting to it but should have done so much sooner because it was a great request! As an […]Read More

When “Big Bank” Purchases Die And Come To JVM; What We Learn

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A listing agent we know well called us recently b/c one of his listings died at Chase at the 11th hour – and he wanted us to salvage the deal. […]Read More

Private Mortgage Insurance (PMI) – When & Why It Is Pretty Awesome

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Private Mortgage Insurance (PMI) earned an unjustified bad rap back in the 1990s. Investopedia, in fact, lists “six reasons to avoid PMI,” including: (1) Cost; (2) No Longer Tax Deductible; […]Read More

PMI Can Help Homebuyers In California

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Weighing the pros and cons of PMI? Many homebuyers have questions about mortgage insurance so we've outlined the ins and outs for California homebuyers.Read More

How to Get a Low Down Payment: A Guide for Borrowers

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For many homebuyers, the down payment is the most significant obstacle on the road to homeownership. This is why so many homebuyers are looking for mortgage loans with low down payment options when purchasing a home.Read More

10% Down With No PMI; Overrated?

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Most agents and buyers know that Private Mortgage Insurance (PMI) is usually necessary when a buyer puts less than 20% down. What most people don’t know is that almost every lender offers a “10% down loan with NO PMI,” even though loan officers often market these products as “unique offerings.”Read More

The Loan-to-Value (LTV) Ratio: A Guide for Borrowers in Texas

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The Loan-to-Value Ratio (LTV) is a key mortgage term for Texas borrowers to know and understand. LTV is often mentioned when explaining mortgage products.Read More