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Mortgage Insurance Myths

Category : Refinance

May 12, 2016 by Naseer Siddique

All conventional mortgages require mortgage insurance if the borrower makes less than 20% down payment or in case of a refinance, if the equity in the house is less than 20%. Some loan programs do not charge separate mortgage insurance and have this indirectly built into the offered mortgage interest rate.  This discussion

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Releasing Financing Contingency in Real Estate Contracts

Category : Contingencies

May 03, 2016 by Naseer Siddique

A contract is a set of terms agreed upon by two parties. Real Estate purchase agreements are no exception.  The seller and buyer of a home are always interested in negotiating the best possible terms for themselves. According to RealtyTrac, only 31.8% of homes sold in the US in the first quarter of 2016

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When to refinance your mortgage

Category : Refinance

April 23, 2016 by Naseer Siddique

I have been a mortgage broker for more than 29 years as of this writing. During this time, I have arranged mortgages for people from all walks of life and seen mortgage rates drop from around 12% to about 3%. What has prompted me to do this little write up is to address the following preconceived notion by many

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