With all the foreclosure activity we have seen since the housing market started slipping, mortgage insurance companies have really suffered. Mortgage insurance is essentially “foreclosure insurance” for banks. When a home buyer purchases a house with less than a 20% down payment, they are usually required to pay for a policy of mortgage insurance to [...]
All articles in category: "Government Backed Loans,Mortgage Insurance"
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Oct 4 FHA Mortgage Insurance Changes Will Increase Annual Mortgage Insurance
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FHA Mortgage Insurance Well Be Less Upfront, More Expensive Monthly
The record breaking number of foreclosures have really caused a strain on mortgage insurance companies. To help make up for the losses, the FHA recently increased FHA mortgage insurance premiums to help offset some of the losses. The upfront costs were two much for most buyers, who can’t save up for any kind of down [...]
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Failure to Qualify for Mortgage Insurance?
In the real estate world there are lots of reasons that deals fall through. Utah Real Estate transactions fall through all the time because the home inspection comes in unacceptable, or the borrower is unable to get financing. Well now there is a new exciting way for transactions to fail: Failure to Qualify for Mortgage [...]
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Mortgages Explained- Utah Real Estate Blog
- Cache County Real Estate Sales Start SlowlyAs I ran the monthly sales stats this morning I was shocked at just how low the monthly home sales were for Logan Real Estate during January. Over the last few months, things looked like the real estate market had really turned a corner. It looked as if the days of super low monthly home sales were behind us. Unless January was a statistical aberration, I wa […]
- Mortgage Interest Rates at NEW Record LowsIt’s hard to believe, but mortgage interest rates hit all time lows AGAIN. It makes me just want to buy again even though I just bought. Home financing is just so cheap right now. Here is the break down from the latest Freddie Mac survey: 30- Year Fixed Mortgages 3.89% 15 year Fixed Mortgages: 3.16% 5 Year ARM: 3.23 via utahrealestate4sale.com What a fantast […]
- Investing in Multi-Family HomesOne of the best ways to invest in real estate is by investing in Multi-Family Homes. These are residential properties with 1 to 4 units. Multi-family homes offer advantages over apartment buildings, and over single family homes. If you plan to own property with the goal of obtaining long term rental income, then the best way to get started is with multi-fami […]
- Cache County Real Estate Sales Start Slowly