Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

WHAT IS MORTGAGE INSURANCE | 32819 | 32836 | Dr. Phillips

NEXT
PREV

WHAT IS MORTGAGE INSURANCE

Mortgage insurance is also known as MIP which is mortgage insurance premium. This came into play after the housing crash in 2005. The federal government bailed out many banks that unlawfully approved loans that has defaulted, foreclosed or if payments are consecutively missed . This is considered a kitty fund fro when banks go under or out of business due to malice on their part. It's sad the homeowners have to pay for this, however there must be a balance in place that hold companies responsible for their actions.

There is a way to get around this by getting a conventional loan with twenty percent down or by purchasing a home by a veteran discharged from the military in good standing. Your premium cannot go up. There are scenarios how this can be paid off and they differ based on your particular situation. This can go away once you reach 20% equity in your home. There are some scenarios that the lender will also cover this cost. Check with your accountant to see how you can write this off on your taxes. There are some credit unions that may be able to waive this under certain conditions.

Click link to learn more about mortgage lenders /MORTGAGE-LENDERS---32819---32836---Orlando-Florida-6-20247.html?

REDUCTION

September 14, 2022 the National Association of Realtors introduced a bill to reduce Federal Housing Assistance mortgage insurance premium's. Starting March 20th, 2023 this will help more first time buyers get into a home for their family as interest rates soar many out of the housing market with homes for sale. The price of the home determines how much your mortgage insurance premium will cost. By reducing this premium, it will allow more homeowners afford to pay for necessities like food, gas, utility bill and other general bills to survive in this depressed economic environment.

Relief is truly need for America with inflation, rising interest rates, gas prices, food and many other necessities to stay afloat. 

LENDERS

Don't forget to visit the Dr Phillips area located minutes from the Disney Theme parks. I am full of resources to include many lenders that can assist, please stay connected and reach out to your trusted advisor and professional realtor Kevin Strawter at 850 496-6412 today.


  • WHAT IS MORTGAGE INSURANCE | 32819 | 32836 | Dr. Phillips
  • WHAT IS MORTGAGE INSURANCE | 32819 | 32836 | Dr. Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 4/14/24 1:32 PM) |
Featured Listings
Orlando Real Estate
$314,000
2 BED
2 BATH
This Point Orlando Condo Hotel has Location, location, location just a block away from International Drive with all th... Read More
Orlando Real Estate
$419,000
3 BED
2.5 BATH
Located in a desirable location this townhome can be your first home or investment property. The community is Grandview ... Read More
Orlando Real Estate
$1,225,000
5 BED
4.5 BATH
Welcome to Real Life Paradise!! This beautiful Madeira Spanish Colonial Home is Perfectly Located right in the middle of... Read More
Orlando Real Estate
$980,000
6 BED
4 BATH
See the Disney fireworks from your south facing pool deck. The pool and inground spa are both heated. The large covered ... Read More
Orlando Real Estate
$639,000
4 BED
3 BATH
Large 4 bedroom, 3 full bath, single-story home with over 2400 sq ft. Tons of recent renovations and updates! This bea... Read More
Orlando Real Estate
$1,089,000
5 BED
4 BATH
Luxurious and Move-In Ready, this Spacious 5-bedroom/4-bathroom New Construction home in the heart of Dr. Phillips offe... Read More
Orlando Real Estate
$1,299,000
5 BED
4.5 BATH
LOCATION, LOCATION, LOCATION! This modern and gorgeous POND VIEW 5 bedroom/ 4 full 1 half bath HOME is located in the... Read More
Orlando Real Estate
$785,000
4 BED
2 BATH
Located in the highly sought-after neighborhood of Bay Hill, this home is nestled in the heart of the coveted Dr Philip... Read More
Orlando Real Estate
$660,000
4 BED
2 BATH
DonĀ“t miss out on this beautiful fully updated and renovated home in the Dr Philips area. Ready to be enjoyed by a new f... Read More
Orlando Real Estate
$765,000
3 BED
2 BATH
One or more photo(s) has been virtually staged. Welcome to this stunning newly renovated home nestled in a beautiful gol... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2024 drphillips.info - all rights reserved. | Site Map | WHAT IS MORTGAGE INSURANCE | 32819 | 32836 | Dr. Phillips