Mortgage Insurance - Upfront AND Monthly
Channel: Brenda Casas Mortgage
Date: 24/05/2023

If you're interested in an FHA loan, remember that you'll have to pay for mortgage insurance upfront and every month. This insurance protects lenders in case you can't pay your mortgage. However, FHA loans are ideal for first-time homebuyers because they make it easier for lenders to approve borrowers with lower credit scores and smaller down payments. 🔑🏡 Exploring FHA loans can be a smart move if you're a first-time homebuyer looking for flexible financing options. Don't hesitate to reach out if you have any questions!

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