FHA Mortgage Insurance
If you were deserted on an island by yourself and had no way of getting to the mainland and suddenly a small boat shows up, would you use it?
Well, that is what an FHA loan can do for you. If can’t qualify for a conventional home mortgage but can qualify for an FHA mortgage, would you use it? Would it matter if you had mortgage insurance?
Mortgage insurance is irrelevant if that is what you need in order for you to buy a home.
Now, that being said there are ways to get out of your mortgage insurance. How about refinancing?
Click here to read more and find out other reasons you may want to refinance your home.