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 3/19/23 8:18 PM) |
Featured Listings
Orlando Real Estate
$699,900
4 BED
2 BATH
Great 4-bedroom, 2-bathroom Pool home on 1 full acre private Tropical Oasis lot with no HOA in Dr Phillips. Home is fu... Read More
Orlando Real Estate
$550,000
3 BED
2 BATH
JUST LISTED!! Beautiful fully furnished 3/2 condo located at Vista Cay. Nice floor plan with dining and living room sepa... Read More
Orlando Real Estate
$835,000
4 BED
3 BATH
Beautiful house!! Immaculate and stunning pool home in the **EXCELLENT LOCATION** of Dr. Phillips sought-after Buena Vis... Read More
Orlando Real Estate
$949,900
5 BED
4.5 BATH
Stunning home, loaded with upgrades located behind the gates of Phillips Reserve. Enjoy unmatched convenience to Unive... Read More
Orlando Real Estate
$449,000
3 BED
2 BATH
This house has the full potential to become your Dream's Home! It needs repairs but LOCATION is a MUST, in the heart of... Read More
Orlando Real Estate
$375,000
3 BED
2 BATH
Brand-new roof will be installed before closing. Welcome home to this one-story home in the highly desirable community o... Read More
Orlando Real Estate
$1,298,000
3 BED
2.5 BATH
In the desirable Bay Hill neighborhood you will find this fully renovated gem that radiates luxury and sophistication at... Read More
Orlando Real Estate
$665,000
4 BED
3 BATH
Welcome home! Sitting on a spacious lot at the end of the cul-de-sac, this beautiful estate is filled with eye catching... Read More
Orlando Real Estate
$148,000
1 BED
1 BATH
Don't miss out on this incredible investment opportunity in Orlando! Located just off International Drive, this stunnin... Read More
Orlando Real Estate
$197,800
3 BED
1 BATH
Affordable living in Orlando! Block home with potential. Needs TLC. Nestled in Tangelo Park, just minutes from Internat... 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 -2023 drphillips.info - all rights reserved. | Site Map | WHAT IS MORTGAGE INSURANCE | 32819 | 32836 | Dr Phillips