Michael Deery's (michaeldeery) Blog

Its official, the FHA have confirmed that FHA buyers will pay Mortgage Insurance for the Life of the Loan starting April 1st 2013!  The FHA confirmed these changes in a press release January 30th. What this means is that new buyers will pay FHA Mortgage Insurance Premiums or “MIP” for the life of...

Mortgage rates are a very popular topic right now, as media channels across the US are telling everyone that interest rates are currently at record lows and now is a great time to afford a home. Understanding what determines a borrowers rate or what causes mortgage rates to go up or down is quite...