New American Funding Atlanta – Mortgage Insurance 2313

New American Funding Atlanta – Mortgage Insurance
(770) 856-5338 www.NewAmericanAtlanta.com

Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get.


[Music] It is time now for mortgage minutes Brought to you by new American funding And today I am here with Matt and we are Here to talk about some of the changes In mortgage insurance for FHA Loans so Matt I would love for you to just start Out I know that there are two types of Mortgage insurance so what what can you Tell us yeah on your FHA Loans you have An upfront mortgage insurance premium And also a monthly mortgage insurance Premium mortgage insurance in general is Designed to allow buyers the ability to Put little money down but also protect The lenders and enabling them to offer More loans at better financing terms so Mortgage insurance protects the lender But it also benefits the buyer by Allowing more flexible financing lower Down payments and that sort of thing so What changes have been made I think it's Specifically to the monthly mortgage Insurance right right the monthly Mortgage insurance premium on the FHA Loan has been reduced it dropped about 30 bases this point and really it Couldn't come out a better time in my Opinion with the market that we're Seeing and you know these reduced Premiums are really benefiting these Type of buyers obtain home financing so Matt who might be a good candidate for An FHA loan so a good candidate for an

FHA loan would be somebody that's Looking to possibly put a little bit Lower on a down payment potentially it Can be more flexible with credit scores So they can take advantage of those kind Of benefits so really anybody looking to Get in the market that has been maybe Discouraged coming out of the covid Market when nobody was entertaining Anything but all cash or that sort of Thing they would all be good candidates Right now in today's market to obtain FHA financing yeah well Matt you have a Wealth of knowledge when it comes to Mortgages and I know that for people it Can be a little bit difficult to Navigate so if they want to reach out Maybe have a conversation with you and Figure out what loan might be right for Them what's the best way to do that yeah The best way is just to give me a call At 770 856-5338 or visit us at Newamericaneatlanta.com you find your Home let us do the rest

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