Tag Archive for 'bad-credit'
Friday, March 12th, 2010
The FHA loan insurance program was created to help first-time buyers get into homes. However, first-time buyers usually don’t have 20% down payments and may have a spottier credit history. In order to provide protect taxpayers from paying for defaulted FHA mortgages, the loans include mortgage insurance premiums (MIP). The FHA Mortgage Insurance Premium FHA [...]
Looking to refinance your home but worried that bad credit might make it impossible to get a good mortgage? Poor credit may make it more difficult to obtain favorable mortgage rates, but there are still ways to benefit from refinancing even if your financial history has some problems.
What is a Bad Credit Refinance?
Refinancing means closing [...]