Monthly Archives: August 2011

PMI

In the last month, the industry has lost 2 private mortgage insurance companies- the latest casualty came Friday. As more Private mortgage insurance companies have to pay out on defaulted loan, their capital is being used up and regulators are … Continue reading

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OHFA Rates drop

Ohio Housing Finance Agency mortgage rates dropped slightly today. This is a special program for first time buyers that meet the income and credit guidelines. For homebuyers that need downpayment assistance in the form of a 2.5% of the sale … Continue reading

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Mortgage Insurance

Mortgage insurance can come in many forms- it’s not “one size fits all”! Not all buyers have to pay monthly traditional mortgage insurance. Also, mortgage insurance rates are based on credit score- those with higher credit scores are paying slightly … Continue reading

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