Review Mortgage Lenders

Avenue Mortgage

Avenue Mortgage Corporation

David Pendley, President of Avenue Mortgage describes his passion for lending for over 25 years.

Your guide to FHA mortgage insurance

What is FHA mortgage insurance?

FHA mortgage insurance, like PMI, is an additional fee you pay to protect the lender’s financial interests in case you default on your loan. FHA borrowers are required to pay two FHA mortgage insurance premiums — upfront at closing, and annually for as long as you repay your FHA loan, in most cases.

How much FHA mortgage insurance costs

Here’s a look at the premium pricing for upfront and annual mortgage insurance premiums for FHA loans:

An upfront mortgage insurance premium, which is equal to 1.75 percent of the loan amount Annual mortgage insurance premiums, which are equal to .45 percent to 1.05 percent of the loan amount each year of your loan term

Upfront mortgage insurance premiums can, and often are, financed into the loan amount, says Peter Boomer, a mortgage executive with PNC Bank . Annual premiums are included in the borrower’s monthly mortgage payment.

Monthly mortgage insurance premium amounts are also determined by the loan term — whether an FHA loan is 15 or 30 years — and the initial loan-to-value ratio on the home when the borrower takes out the loan.

Court notes 5/14/19 - News


• Ray W. King et al. to Edward J. Cullen et al., $279,000; Ross Twp.

• Jamie T. Gallagher et al. to Michael J. Zapotosky, $94,800; Dirt Lane, Dorrance Twp.

• James Martin et al. to Michael B. Reiher et al., $162,400; Orange Road, Franklin Twp.

• Richard C. Angelicola to 17333 Lakeside Drive LLC, $450,000; Harveys Lake.

• Lee J. Puskar to Shane R. Gibbons et al., $120,000; Wright Twp.

• Douglas S. Romero et al. to Michael Chan, $127,000; Hazleton.

• Thomas M. Vercusky to Alen Ducic, $150,000; West Green Street, West Hazleton.

• DBS Development LLC to Elyse Newburgh et al., $150,000; Nescopeck.

• Coleman J. Dirhan to Robin Powell Feerrar et al., $309,000; Duryea.

• Walter E. Faux et al. to Emil Butala, $162,000; Butler Twp.

• Prestige Development Group LLC to Robert Winkler et al., $319,000; Dallas Twp.

• Gerard L. Harvilla et al. to Gregory John Kuhl et al., $70,000; Rice Twp.

Mortgage Assistance? With the multitude avenues reported in the news about mortgage relief, where is the best?

source of information. I am not in default of my mortgage. My payments have never been late. We have been in this house for 5 years. We have an interest rate of 5%.

Absolutely NOTHING. Your loss of value is intangible and Zillow posts a warning that their estimates are not guaranteed. Enjoy your home and stop worrying.

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