If you put less than 20% down on a home and you use conventional financing, you’ll pay Private Mortgage Insurance. This insurance covers the lender should you default on the loan. It’s a compensating factor for the lender, giving them reassurance that they won’t face a huge loss should you stop making your mortgage payments. […]
VA loans have seen a significant rise in originations in the past year. Does this mean that more veterans are now realizing the benefits of the program? If you’re looking for a mortgage with competitive rates, low down payment, and no stringent credit and income requirements, any expert would tell you the VA loan is […]
VA loans don’t require mortgage insurance like FHA loans or some conventional loans.