THINKING OF PURCHASING A HOME..

WELL THEN COMPARE A CONVENTIONAL NO UPFRONT FEE & NO MONTHLY MORTGAGE INSURANCE LOAN VS AN FHA 3.5% HAVING AN UPFRONT AND MONTHLY MORTGAGE INSURANCE..

OUR CONVENTIONAL 3% TO 5% LOAN PROGRAM WILL INCURR A SLIGHTER RATE BUT NO MI AT ALL WHICH WOULD BE TO YOUR ADVANTAGE AS THE HOMEOWNER.

FHA MORTGAGE WILL ALWAYS INCUR AN UPFRONT MIP FEE PAID AT CLOSING ALONG WITH A MONTHLY RECURRING MORTGAGE INSURANCE.

CHECK WITH YOUR CPA TO VERIFY IF MORTGAGE INSURANCE IS TAX DEDUCTIBLE.

OBTAINING A HIGHER RATE MIGHT BE A BENEFIT AS FAR AS TAX PURPOSES..