Today, the place you call home matters more than ever. Unfortunately, many Americans continue to believe homeownership is out of reach because they think a 20 percent down payment is needed to qualify for a mortgage. A recent report by the … Continued
USMI President Lindsey Johnson appeared on the Millennial to Millionaire podcast with Paris Grant and discussed how private mortgage insurance helps young people become homeowners sooner. Listen here.
Some hailed the Department of Housing and Urban Development’s annual report on the Federal Housing Administration’s financial status as evidence that the government mortgage insurance program should lower its fees. And they said that FHA should consider expanding its footprint in the … Continued
For many Americans, the biggest hurdle in buying a home is the down payment. According to a recent report, 49% of non-homeowners stated that not having enough money for a down payment and closing costs was a major obstacle to purchasing … Continued
Buying a home is one of life’s biggest financial milestones, but people often think it’s out of reach because of the costs involved, including the myth that you have to put 20% down. The fact is, you don’t necessarily need … Continued
