How much is PMI on an FHA loan?

Answer FHA mortgage insurance (PMI) is required when a borrower has a down payment that's less than 20 percent of the purchase price of the house. A premium of 1.5 percent of the loan amount is due upfron... Read More »

Top Q&A For: How much is PMI on an FHA loan

Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere... Read More »

How much is PMI on a loan?

Private mortgage insurance is paid in two parts. The borrower's loan amount and credit determine the amount of insurance she must pay. The initial payment made at the time of closing ranges from 1.... Read More »

How much is the tax impound on a loan?

The amount of taxes you can expect to pay on your property taxes will vary depending on when you officially purchased the property. If you close on a home near tax time, you will be paying more.Ref... Read More »

How much can one borrow on a VA loan?

Although there is technically no limit to the amount one can borrow with a guaranteed VA loan, the amount the VA guarantees is only 25 percent of loans in excess of $144,000. In most states, the ma... Read More »