Peter Boutell, Lending a Hand: How to avoid monthly mortgage insurance payment – Santa Cruz Sentinel
Peter Boutell, Lending a Hand: How to avoid monthly mortgage insurance paymentSanta Cruz SentinelWhile it is possible to buy a home with as little as 3.5 percent down, the minimum down payment for an FHA loan, the monthly mortgage insurance payment is expensive and can effectively add over 1 percent to the rate on your mortgage. The price of …and more »
Mortgages: Improving Default Rates on F.H.A. Loans (NY Times)
New research from the Urban Institute suggests reasons that V.A. Mortgages are less likely to go into default than F.H.A. Loans.