Tag: financing

FHA and VA are both lowering their cost of lending

FHA and VA are both lowering their cost of lending

A little bit of good news: Both the FHA and VA are lowering their cost of lending in the next month. For FHA loans closed after March 20th 2023, the monthly mortgage insurance premium is going down from .85% to .55%.  For a $500,000 purchase, this 

Real Estate Basics: Getting Started With Financing

Real Estate Basics: Getting Started With Financing

Thinking about how you can buy your first home? Regardless of price, buying real estate takes a lump of money up front, but it may not be as much as you think. Things to consider: How much of a down payment will you need? How