I have five things that you need to know about Mass Housing.
First; in select areas like Boston that are highly urban, you do not need to be a first time home buyer, so if you’ve already bought a home you can go buy another one.… more
All mortgage loans from the Federal Housing Administration require Mortgage Insurance Premiums, which is equivalent to the Private Mortgage Insurance charged by private lenders. In the past, the payment of these premiums could be dropped after a certain period of time, paying off a certain amount of the loan.… more
Private Mortgage Insurance premiums vary according to the amount of initial down payment and the size of the loan itself, though this usually ranges anywhere from 0.3% to 1.15% of the total loan amount.… more