SORT BY Relevancy
Should a Buyer With 20% Down Get an FHA Loan?
Conventional loans require private mortgage insurance if a buyer cannot put 20% down. FHA loans require mortgage insurance regardless of how much money is put down initially. Conventional wisdom says that buyers should only consider getting an FHA loan only if they cannot put 20% down. This piece will question that position and ask: Should someone who can put 20% or more down consider getting an assumable loan (e.g. FHA) even though the assumable loan would require paying mortgage insurance?
Several weeks ago, when rates were higher, I asked well known local blogger and Licensed Mortgage Originator Rhonda Porter of mortgageporter.com to run me some numbers on two different loan packages. The first was an FHA loan, which at the time had a 5% rate (5.403 APR). The second was a conventional loan that had a 5.125% rate (5.201 APR). The initial loan costs on each loan were relatively close to each other, and the most significant difference between the loans was that the FHA loan still required mortgage insurance, both an up front amount and monthly amount of $132.44 for the first 60 months.
Most buyers today probably pick the conventional loan to avoid paying the mortgage insurance. My reason for doing this piece is that FHA loans are generally considered assumable loans. That made me wonder: Can there be scenarios where a buyer would be better off having an assumable FHA loan, even if they have to pay mortgage insurance?
Many cash advance lenders have been criticised for charging more than 4,000% annual interest. Their response is that payday loans are indented and distrivuted with the intent to be short-term, so the annual rate makes the fee seem way worse than it actually is. Getting a payday loan and returning on the payment due date is generally inexpensive considering that the loan is unsecured.
Payday loans online are faster when you borrow with Private Loan Shop. Not only is qualifing easy but there is no faxing necessary to get your online payday loan.
In this introduction of the CreditHavins show we will be discussing how to improve your FICO credit scores and the strength of your credit profile through the Credit Builder Blueprint™ by utilizing Real. Credit. Solutions through Vesel Law as well as how to address your student loan issues. Student loan consolidation, debt forgiveness eligibility, and rehabilitation options.
Join host, Barbie O'Connor, on this MoneySmarts4u show, where your questions will be the stars of the week. Winterizing your car, the best student loan options, saving money and resources at your home, the 1099 form, and personal financial apps to try on your phone will be covered in this week's show.
Email your questions to email@example.com. Like us on Facebook. Buy the book on Amazon. Check out the website. Subscribe to the show.
Tune in this Thursday to hear the next subject on Financial Freedom University: The latest College News
From tuition hikes in California UC systems for the next 5 years, how student debt now surpasses 1.3 trillion, why only 14 percent of Americans with federal student loans are enrolled in government plans that allow them to lower their payments , and most importantly hear about ways to help relief the student loans , pay off those loans and set up a financial plan to get you on the right track to financial freedom.
Also hear from some of my #FreedomLeaders with their thoughts of what it means to be financially free !
Have your notepads ready!
Sabrina, will again discuss alternative to students loans and discuss the process of completing the FAFSA. Too many times parents think the only option is students loans. Learn how to help your child manage college, trade or vocational school.
The average college student graduates with over $33,000 in student loan debt. Many Americans accept this as being inevitable if they want a college degree. In today's episode, we'll discuss ways to get an education with as little debt as possible! Email questions about student loans before the show to Christine@ChristineLuken.com and we'll answer them on the air.
in Real Estate
Join hosts Cliff Perotti and LisaP on The Property Beat this week as they take on multiple callers inquiring with everything from renting vs. buying, requirements on down payments, transferring loans, and much more! They also speak with Sean Maley, a local loan officer to discuss loan rates on single family homes and the minimum required down payment. Tune in to upcoming webinars on investing in India, Investment opportunities in Portland, and how to invest in Real Estate using your retirement account.
The Property Beat can be heard live on KLOK 1170 AM in San Francisco on Wednesday mornings from 10-11 am. We’re sponsored by Lion & Foster International, Inc., an international luxury lifestyle agency, helping clients to acquire and sell properties in the SF Bay Area and throughout the world
1) Program Introduction
2) Our tonights program is a independent news report on the Election Victory of the
SYRIZA party in Greece on Jan 26 (15)
History victory for SYRIZA party in Greece Jan 25(15) Election.
-Leo Panitch says it is the first left party to come to power since the 2007-2008 crisis of neoliberalism - January 26, 2015
3) Music Break
Part 2- Now in power the SYRIZA party faces Herculean task.
-Dimitri Lascaris says breaking up the troika and the power of oligarchs that control Greece is not going to be an easy task - January 26, 2015
5) My finnal comments
6) Closing Music , Them song of O Canada
in Real Estate
Learn what doctors lawyers investors No and how they hide There bare assets.
TRUST. What is that and why would I care the average Joe. We'll tell you on Friday Mortgage Talk1.
Goto blogtalkradio.com/mortgagetalk1. hosted by
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