Ken Horst's (khorst) Blog

Removing mortgage insurance is something that can happen when the loan-to-value of your home mortgage reaches 80% or less. This happens as a result of two things, paying down principle and your house appreciating. If you get to the point where you think your mortgage balance is less than 80% of t...

Recently I had a loan for a purchase pre-approved by Fannie Mae for 100% financing.  I called my lender rep and asked about "declining markets" and whether the county and city where my borrowers home was located was in a declining market.  He said to the best of his knowledge. it was not.  When w...