For 85 years, American families of modest means looked to FHA for affordable mortgage loans to attain the dream of home ownership. But these homeowners, many of whom are minority and first-time home buyers, now face a rude awakening. They will be saddled with years of excessive premium payments amounting to tens of thousands of dollars. The...
Some say they’re killing the mortgage industry, others say they’re just too far in debt or afraid of commitment. Here at Platinum, we say Millennial home buyers are just one big misunderstanding–on both ends! What do we mean by “misunderstanding?” First, the influx of negative opinions towards Millennials and buying...
Homeowner AND mortgage insurance?! What’s the difference and why are you paying for both? To put it in layman’s terms, one protects the house and the other protects the mortgage. Read on for mortgage insurance and homeowners insurance explained: What is mortgage insurance? Mortgage insurance is a small percentage added to your monthly...
Yesterday, President Obama spoke to the nation in front of many in Phoenix, Arizona, discussing topics from jobs & the economy to FHA & homeownership overall. There were a few key points that are really awesome news for everyone: “2014 was the strongest year for job growth since the 1990’s… Home sales are up nearly 50% from...
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