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Keller Williams Realty at the Beach
1521 Savannah Rd
Lewes, DE 19958
Phone: (302)360-0300
Fax: (302)360-0350
Contact Page

Call Tom today for your exclusive home tour or to have your home listed by a professional. Call (302) 632-7407.

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PMI vs FHA MIP

Although the insurance protection concept is similar, there are differences between private mortgage insurance and FHA mortgage insurance. FHA insurance is a government-administered mortgage insurance program that does have certain restrictions. FHA has maximum regional loan limits that are lower than those with private mortgage insurance. FHA may be more expensive, take longer to receive approval, and have fewer payment plan options. FHA insurance lasts for the life of the loan, unlike private mortgage insurance which is cancelable in most circumstances. FHA is a good choice for some borrowers with credit history problems that might need special assistance.

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A REALTORS Prayer
May I always use my hands as Your gifts to serve my clients in need. May I use the mind that You bestowed on me to always keep my client's best interest at heart. May I use the talents You provided me to be creative in serving other's needs. May I use my eyesight, my windows to this created world, to see every client as an equal. May I use my tongue in the manner of speech as if I were speaking to You. May I use my ears to listen and not just hear my clients. And may I give thanks to You for giving me the opportunity to serve your children as they seek shelter and may I never forget, under all is land to which You have provided.
 
by Tom Schoenbeck
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