Tag: mortgage
a house key with a mortgage application form

4 Myths About the FHA Loan Program

Posted: Dec 12, 2017 at 7:31 am   /   Information

If you are unsure if you could meet the minimum requirements to obtain a conventional home loan, the FHA loan program might be the solution you need. An FHA loan is a mortgage backed by the Federal Housing Administration that could help individuals who might be deemed high-risk borrowers by lenders. The program has been […]

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Can You Cancel Your Private Mortgage Insurance Payments?

Posted: Nov 4, 2017 at 1:00 am   /   Information

Private mortgage insurance (PMI) might be unavoidable for some borrowers, but the good thing is you don’t need to pay for it forever. That is if you know exactly when you are eligible for PMI cancellation. If you are, you could stop paying premiums and use that money for paying for your principal. When Lenders Automatically Cancel Private […]

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Is It Possible? Reducing Your Debt to Income Ratio

Posted: Mar 29, 2017 at 1:00 am   /   Finance

Your debt to income ratio (DTI) determines how much of your gross monthly income goes toward repaying your debts every month. The lower this ratio is, the better since it indicates that you’re not spending a huge chunk of your income to pay off your debts. This is good news if you’re planning on applying […]

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Loans in Salt Lake City

Common Debts Millennials Face and How to Pay Them

Posted: Jan 18, 2016 at 1:00 am   /   Finance

Millennials tend to multi-task and dive into different priorities at the same time. They are open-minded and passionate about things that interest them and the fields they want to explore. However, millennials don’t know how to take a break. The “Me Generation” intentionally works on diverse duties and expects entitlement in everything they do. School, […]

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