PMI: What It Is and How to Avoid It
When buying a home with less than a 20% down payment, most conventional loan borrowers will encounter Private Mortgage Insurance (PMI). While PMI can make homeownership accessible sooner, it comes with added costs that many borrowers prefer to avoid. In this blog,...Pros and Cons of Adjustable Rate Mortgages (ARMs)
In the realm of mortgage options, adjustable-rate mortgages (ARMs) present an alternative to traditional fixed-rate mortgages. At 1st United Mortgage, we recognize the importance of understanding the nuances of ARMs to help our clients make informed decisions...VA Loans vs USDA Loans for Military Homebuyers
Embarking on the journey to homeownership is a significant milestone, especially for our veterans and military families who have dedicated themselves to serving our nation. At 1st United Mortgage, we understand the importance of finding the right mortgage solution...
Conventional Loan vs FHA: Which is Better for You?
Choosing between a conventional loan and an FHA loan is a significant decision in your homeownership journey. Each option has its own benefits and considerations tailored to suit different financial situations. At 1st United Mortgage, we understand the importance of...