Blog Posts - Mortgage Insurance



THE MOST IMPORTANT FEDERAL HOUSING LEGISLATION

JFK+50:  Volume 6, No. 1996JFK SIGNED HOUSING ACT 55 YEARS AGO  Washington, D.C. (JFK+50) Fifty-five years ago today, June 30, 1961, President John F. Kennedy signed into law, S. 1922 a.k.a. the Housing Act of 1961.According to govtrac...
by JFK+50 on Jun 30, 2016

Fixed Rate Mortgage

A fixed rate mortgage is one of the most common types of home loan in the USA. It’s very easy to understand and set up and helps people know exactly what type of commitment they are making financially. It has one main benefit over all other types...

Private Mortgage Insurance

When you first buy a home, it can be very frustrating and complicated but it can also be extremely exciting. There is no feeling like being able to call a home your own and have the freedom to decorate it and change it any way you want. Do you want...

Eco-Friendly Homes: Green Real-Estate

Real-estate developers and investors are now adopting more environmental-friendly practices.  Buildings are redesigned; investors and developers would incorporate the goal of achieving greener buildings and properties when doing renovations.&nbs...

How to Reduce Your Mortgage Payment Significantly

Imagine finally saving up enough money to make a down payment on your first new home and when you finally get the rates for your mortgage you are stunned. They are higher than you ever thought possible and are already considering whether or not you c...
by 50plusfinance on Jun 22, 2015

Tax Time Tips

Posted at Realty Evolved Homeownership carries many tax benefits, so be sure you’re taking advantage of these strategies at tax time: Mortgage Interest Deduction Interest you pay on a mortgage of up to $1 million — or $500,000 if you’re married...
by Realty Evolved on Feb 20, 2015

PAYING TOO MUCH FHA MIP? DO SOMETHING ABOUT IT.

STOP PAYING FHA MIP? Federal Housing Administration (FHA)-backed loans are popular with home buyers and refinancing homeowners for multiple reasons, including: The FHA allows a 3.5% downpayment The FHA allows refinances without appraisal FHA mortgage...

FHA Mortgage Insurance Premiums (MIP) Why You Won’t Pay Them For The Rest Of Your Life

NEW FHA MIP POLICIES In mid-2013, the FHA changed its mortgage insurance premium (MIP) policies. Formerly, FHA MIP typically canceled after 5 years assuming a 78% loan-to-value. Today, however, FHA mortgage insurance can last for a loan’s full...

Use Your Credit Score to Your Advantage

Are you one of those people who find home loan financing a daunting process? Dealing with finances is never fun, and picking a mortgage is one of the biggest financial decisions you will ever have to make. Stop worrying as there are some very reli...
by Cali Home Lending - Bolg on Dec 17, 2014

The 3% Home Loan Down Payment is Back

Saving for a down payment on a home loan can take years, especially when most lenders want a minimum of ten percent down, that’s still a lot less than the 20% which used to be normal. This makes the dream of owning a home out of reach for many...
by Debt Free Living Guru on Dec 9, 2014

Mistakes To Avoid When Looking For Home Loan

Buying a home is one of the biggest decisions we can make in life. It is our single largest commitment in our lifetime. However, for people who are not financially ready, the process of obtaining the right type of home loan from banks is always a cha...
by Wealthymatters on Nov 29, 2014

CMHC abandons mortgage loan insurance for condominium development.

Canada Mortgage and Housing Corporation announced that it is bringing in two changes in its mortgage insurance business. The Crown Corporation has been struggling in many fronts. While it is not exactly in a financial trouble but it has drawn critics...
by Mortgage Money and Dream on Jun 11, 2014

Canada Guaranty changes rental income formula

There are various ways how rental income can be included in debt service calculation. The major Canadian mortgage insurers generally adapt to two methods. Rental offset Rental income Rental offset: Rental offset calculation method takes care of the r...
by Mortgage Money and Dream on Jun 3, 2014

Most Homebuyers Don’t See This Cost Coming

Buying a house is expensive. Everybody knows that, but even people who work very hard to prepare for the cost of owning a home are often surprised by how much...
by Download Series on Jun 2, 2014

CMHC tightens its rules for second homes and BFS

Only a few weeks ago CMHC announced that it will be raising its mortgage insurance premium effective from May 1st 2014. What we did not anticipate that it is considering further restrictions. It was only a couple of days ago when we have learnt about...
by Mortgage Money and Dream on Apr 27, 2014

Best Practices for a Mortgage Insurer – Introduced by OSFI

Almost two years ago, OSFI introduced the idea of Residential Mortgage Underwriting for the lenders. It promised that there will be one for the insurer too. Now it has delivered on that promise. In its new B-21 guideline it has outlined the expectati...
by Mortgage Money and Dream on Apr 17, 2014

Best Practices for a Mortgage Insurer – Introduced by OSFI

Almost two years ago, OSFI introduced the idea of Residential Mortgage Underwriting for the lenders. It promised that there will be one for the insurer too. Now it has delivered on that promise. In its new B-21 guideline it has outlined the expectati...
by Mortgage Money and Dream on Apr 17, 2014

CMHC and Genworth to raise mortgage default insurance premium

Canada Housing and Mortgage Corporation (CMHC) has announced that it will raise the mortgage default insurance premium it charges the borrowers with small down payments (normally 5% to 20%). If you buy a home after May 1st and do not have more than 2...
by Mortgage Money and Dream on Mar 2, 2014

Stuck With Mortgage Insurance? Here’s a Little Known Trick to Save on Your Payment

Nobody likes paying private mortgage insurance, or PMI, but unfortunately, it's a necessary evil if you're financing more than 80% of the value of your home. However, you may be able to take advantage of a little known trick that could save you some...

Learn About the Reverse Mortgage Program

In this article we are  going to learn about the Reverse Mortgage Program. It is a loan where a homeowner aged 62 years and older can convert the equity in his home to cash to ease his financial responsibilities. Here the equity built up over years...
by The Ultra Mortgage Solutions on Sep 16, 2013


Trending Topics

Close