Tag Private Mortgage Insurance

Tag Private Mortgage Insurance

No PMI Loans in Delaware?

John Thomas February 12, 2008 Tags: ,

No PMI Loans in Delaware?

Can you get a loan with no Private Mortgage Insurance (PMI)?  This depends on the type of mortgage loan you are applying for financing such as FHA Loan, VA Loan, USDA Loan, Conventional loan, or a Non-QM loan.  You can get a loan with no monthly mortgage insurance if that is what you are looking to obtain.  In order to understand what you are options are, we need to start by explaining PMI.  If you have questions or want to get started on a mortgage pre-approval, call us at 302-703-0727 or GET STARTED ONLINE Keep Reading...

Mortgage Insurance Tax Deductible

John Thomas January 5, 2007 Tags: , , ,
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Mortgage Insurance Tax Deductible

Mortgage Insurance tax deductible in 2007 for some Delaware homeowners. This means for some home owners looking for a 100% financing, it may be cheaper to get  one mortgage with mortgage insurance rather than a piggy back loan.  A piggy loan is a 2nd mortgage loan that is used in conjunction with a first mortgage loan that is only 80% of the purchase price to avoid paying mortgage insurance.  If you have questions about mortgage insurance feel free to call 302-703-0727 to speak to a Delaware Loan Officer. Keep Reading...