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mortgageinsurance hashtag performance

#MortgageInsurance helps homeowners protect their investments, ensuring financial security. Essential for low down payments, it safeguards lenders, minimizing risk. Valuable for first-time buyers, it offers peace of mind in real estate.
There’s a bill in Congress proposing that FHA mortgage insurance get removed. Once borrowers reach 20% equity in a home just like it does with conventional financing however it won’t be applied. Retroactively for current fha borrowers. That doesn’t mean you’re stuck with mortgage insurance forever even if you don’t have a good credit score you can still refinance to FHA and have the mortgage insurance removed if this bill passes . In case the bill doesn’t pass you should work on your credit score so you can refinance to conventional when rates get better. . . . #fhaloan #fha #mortgageinsurance #homeowner #buyingahouse #pmi #mortgagetips
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There’s a bill in Congress proposing that FHA mortgage insurance get removed. Once borrowers reach 20% equity in a home just like it does with conventional financing however it won’t be applied. Retroactively for current fha borrowers. That doesn’t mean you’re stuck with mortgage insurance forever even if you don’t have a good credit score you can still refinance to FHA and have the mortgage insurance removed if this bill passes . In case the bill doesn’t pass you should work on your credit score so you can refinance to conventional when rates get better. . . . #fhaloan #fha #mortgageinsurance #homeowner #buyingahouse #pmi #mortgagetips
Replying to @Thalia Ramirez ♥️ there’s a new bill proposed in Congress called the mortgage insurance freedom which if past will have mortgage insurance on FHA loans go away after homeowners reach 20% equity similar to conventional financing unfortunately according to the bill this will only impact homebuyers closing with FHA loans after the bill is enacted there is a possibility that this is changed, but I wouldn’t hold my breath if you bought a home recently with FHA your best bet is still refinancing to conventional in order to get the best deal on your conventional refinance., You need to have a high credit score so make sure you’re working on that while we wait for rates to drop . . . #b#buyingahousef#fhaloanm#mortgageinsurancep#pmim#mortgagetipsh#homebuyertips
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Replying to @Thalia Ramirez ♥️ there’s a new bill proposed in Congress called the mortgage insurance freedom which if past will have mortgage insurance on FHA loans go away after homeowners reach 20% equity similar to conventional financing unfortunately according to the bill this will only impact homebuyers closing with FHA loans after the bill is enacted there is a possibility that this is changed, but I wouldn’t hold my breath if you bought a home recently with FHA your best bet is still refinancing to conventional in order to get the best deal on your conventional refinance., You need to have a high credit score so make sure you’re working on that while we wait for rates to drop . . . #b#buyingahousef#fhaloanm#mortgageinsurancep#pmim#mortgagetipsh#homebuyertips
Is your home covered? 🏡 Whether it’s mortgage insurance, Home warranty or Fire insurance, I’ve got you covered with the best recommendations! Need help? Give me a call! 📲 (562) 225-4802 #HomeCoverage #RealEstateTips #SouthernCaliforniaRealtor #homewarranty #fireinsuarance #hazardinsurance #mortgageinsurance #homecoverage #lafire #california #realtorpaolamelendez #fyp #explorepage #explorepage✨
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Is your home covered? 🏡 Whether it’s mortgage insurance, Home warranty or Fire insurance, I’ve got you covered with the best recommendations! Need help? Give me a call! 📲 (562) 225-4802 #HomeCoverage #RealEstateTips #SouthernCaliforniaRealtor #homewarranty #fireinsuarance #hazardinsurance #mortgageinsurance #homecoverage #lafire #california #realtorpaolamelendez #fyp #explorepage #explorepage✨
Replying to @App Pretty here’s the simplest explanation of mortgage insurance I can come up with. For conventional financing mortgage insurance is often referred to as PMI or private mortgage insurance for FHA. It’s referred to as mortgage insurance premiums. On conventional the amount you pay will depend on your credit score your debt income ratio, and your loan to value among other things. But with FHA that mortgage insurance you pay is fixed based on the table in the video a huge difference between the two is that FHA mortgage insurance doesn’t go away once you reach 20% equity but that might change. . . . #buyingahouse #fha #mortgageinsurance #pmi #mortgagetips #homebuyertips
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Replying to @App Pretty here’s the simplest explanation of mortgage insurance I can come up with. For conventional financing mortgage insurance is often referred to as PMI or private mortgage insurance for FHA. It’s referred to as mortgage insurance premiums. On conventional the amount you pay will depend on your credit score your debt income ratio, and your loan to value among other things. But with FHA that mortgage insurance you pay is fixed based on the table in the video a huge difference between the two is that FHA mortgage insurance doesn’t go away once you reach 20% equity but that might change. . . . #buyingahouse #fha #mortgageinsurance #pmi #mortgagetips #homebuyertips

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