AMassHousing Mortgagecan help create affordability and increase buying power, including options with PMI (Private Mortgage Insurance) paid by Lender (LPMI), PMI paid by Borrower (BPMI), or even a no MI option.
3 Down payments as low as 3%Start your homeownership journey with minimal upfront costs. No private mortgage insurance (PMI) requiredEnjoy additional savings by avoiding insurance fees. Competitive loan ratesFavorable rates that align with your financial goals. Learn more ...
Plus it's subject to change based on things that have nothing to do with you. In this video, NerdWallet's Kate Wood breaks down everything you need to know about mortgage rates and shares tips to get the best rate possible. Leverage your equity Home Equity Loan Calculator Our calculator ...
While they’re a great option for those who qualify, they also come with extra fees. You’ll pay less for your loan over time if you can afford to make a down payment. FAQ What credit score do I need to buy a house with no money down? What are my alternatives if I don’t ...
The Fastest Way To A Physician Mortgage How Doctors Buy Their Dream Home! You're a young doctor with limited savings and no work history. You have high levels of debt from your medical school loans, but you want to buy a house so you can stop paying rent and start building equity. ...
to 80% of the home's original appraised value and you are up to date with your monthly payments. Your lender/servicer is required to automatically terminate PMI when your loan is scheduled to reach 78% of the original value of your home and you are up to date with your mortgage ...
With over20 years of lending experience, I’ve had the privilege of helping more than1,300 Kentucky familiesachieve their homeownership goals. Whether you're a first-time homebuyer or seeking a second opinion, I’m here to offerhonest, no-pressure advice—always free of charge. ...
If your goal is achieving the lowest payment possible, however, you are better off refinancing to a 20- or 30-year mortgage. Starting fresh with a new long-term loan might not necessarily be the best strategy for everybody, but it’s still an option, especially if you’re looking to tr...
You’ve got $50,000 in equity to play with. You can either refinance your first mortgage to access that money, or alternatively open a standalone second mortgage to tap into it. If it’s the latter option, homeowners can either elect to take a lump sum of cash in the form of a hom...
Check with your lender for details. Private mortgage insurance (PMI): If you can’t put down the full 20% on a conventional loan, lenders may require you to get PMI, which increases your monthly mortgage payment. Having these costs broken down will help you compare quotes properly and ...