Get the latest info on mortgages, home equity, and refinancing at the home loans blog. First-time homebuyers and seasoned homeowners alike will find helpful and current information on the wide world of mortgage lending.
I keep a pretty close eye on economic data when it comes to housing and lending (kinda my job), but I’ve been especially eagle-eyed in the last couple of months as my husband and I are getting ready to get ready to buy a house in our adopted home of Dallas-Fort Worth, Texas. The market here is complex, so I don’t want to rush things, you know?
Of course you do.
Read MoreMortgage insurance, also called PMI (or MIP, in the FHA program) protects banks when borrowers default on their loans. It’s not like homeowner’s insurance, which protects a borrower from theft and natural disasters.
Read MoreThere’s an epic battle raging in the mortgage world between two fierce and unyielding opponents: PMI and MIP. Both do essentially the same thing, but they aren’t the same. Let’s take a walk through both camps to get a better understanding of these much-maligned mortgage insurances.
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