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Understanding FHA Loans: A Path to Affordable Homeownership Hello future homeowners! At Redwood Mortgage Services, your trusted mortgage partner in Annapolis, MD since 1999, we understand that buying your first home is a significant milestone
Oct 12, 2023 | First-time Homebuyers mortgage brokers Purchasing a Home FHA Loans Mortgage Mortgages Mortgage Advice Home Equity #borrowlocal
Imagine you're on the edge of diving into homeownership—super thrilled to claim a piece of the real estate pie. But wait a minute! There's a sneaky hurdle called Private Mortgage Insurance (PMI) lurking in the shadows. Buckle up, because we're about
Sep 12, 2023 | Purchasing a Home Mortgage Advice First-time Homebuyers FHA Loans
Lenders often require borrowers to pay for private mortgage insurance (PMI) on top of their mortgage loan. PMI is a type of insurance that actually protects the lender, not the borrower, against default and loss. If the borrower contributes less than a 20
May 16, 2023 | FHA Loans Mortgages First-time Homebuyers Government Loans Mortgage Advice mortgage brokers
You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Not to worry - this is not a hopeless situation. Fortunately, there are two types of
Feb 13, 2019 | FHA Loans Purchasing a Home