In a mortgage loan, how do you get rid of an MIP?

Question by Hennessy: What procedure does a person have to go thru in order to purchase a foreclosed home?
I would like to buy a home but can’t afford one unless the price is as low as a foreclosed home would be. I look for foreclosed home listings but now a days everyone wants you to pay for the list. How do I get a free list and where do I start?

Best answer:

Answer by Sara
check this site for tips and guides, order visit this they are good http://foreclosurewealth.cjb.net

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Question by Shannai Lyn: is it safe to buy things online from America?
i want to buy a wristband from America it says that if you an international resident it would cost slightly more? you could either pay by credit card or debit card (your choice) and shipping and handling is including in the price which isn’t too bad but it’s if my dad would let me? please help.
link: http://nina-dobrev.us/nina/team-nina-dobrev-wristbands/

Best answer:

Answer by Brendan
Buying anything anywhere on line poses a certain risk, diagnosis but so does buying from a shop. If the website is reputable you should be ok. Beware of anything that looks too good to be true.

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Question by Racheal: How oculd i raise 00 so i can keep Bank of America from taking and foreclosing on my house ?
were 4k behind and our application for a lower mortgage rate or new loan from the bank was denied.. what could i do, dosage like government programs ro online fund raising?? help?

Best answer:

Answer by Dynasty Master X
you could rob a gas station!

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Castle Gwynn II

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Castle Gwynn – Arrington, sickness TN.

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Question by BigStorm37: How will the recent cut by the Fed of the discount rate affect the intrest rates on home mortgages?
If I were to shop around for a mortgage on Thursday, order what if anything would be different than the motgage rates that I would find on Monday?

Best answer:

Answer by Mary G
It’s not going to affect the mortgage rates for quite some time. The Feds are going to have to do a lot better than that before things get better.

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Question by snugglebug: Which bank or credit union is the best for a home loan?
My husband and I will be first time home buyers. We live in the state of Michigan. We want to apply for a home loan, case but we would like to know a few good places to apply at. My credit score is 750 and my husbands is 700. I have checked a few banks, viagra dosage and Citizens and Flagstar seem to have the best rates and fees so far. If you know of any great banks to deal with plz list.
Thank you!

Best answer:

Answer by kemperk
credit unions are always SUPPOSED To have better rates.

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Question by littleman: In a mortgage loan, more about how do you get rid of an MIP?
I am looking at refinancing my home loan and I was curious what an MIP (or an MPI…I don’t recall off hand) is for? I have been paying a mortgage “insurance” premium for a year now and I’m curious what it takes to get rid of that?

Any help?

Best answer:

Answer by jamesnbarnes
If it is an FHA loan and you are paying MIP, you have to pay the loan down to 78%. It is only .50% of the loan amount a year if it is an FHA loan. Pretty cheap considering it allowed you to get 100% financing that is assumable.

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