FHA loans

GOVERNMENT GUARANTEED HOME LOANS FOR EAST COUNTY, SAN DIEGO

By Noel Yap, VA Home Loan Centers

East County San Diego is home to a beautiful landscape that makes up most of the landmass for San Diego County. Most of the east county is rural, with several communities located in backcountry areas known as the Mountain Empire.

The eastern part of San Diego County is perfect for people living in nature and taking part in outside activities like hiking, mountain biking, fishing, camping, all within a beautiful mountainous wilderness. The county is also home to fun Native American Casinos, which offer a thrilling experience for people looking to enjoy some Vegas-style fun.


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HOW TO GET RID OF YOUR MORTGAGE INSURANCE – MI & PMI

 

By E. Vernon Small

Mortgage Insurance is required on conventional and FHA loans if the loan to value of the loan amount exceeds 80% of the value of the home.  It is an insurance policy that covers the lender in case of default or loss when the loan balance exceeds the property value.

Unfortunately, most homeowners will have to refinance their current loan to remove mortgage insurance.  Below is a guide that simplifies the most common options.


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.