FL Residents Get a Break on PMI

If you live in FL then you may qualify for this new program. According to the Jacksonville Business Journal, "The Florida Housing Finance Corp. has launched a new program to help first-time home buyers in the Sunshine State receive lower mortgage payments." This program will be a great help to homebuyers who are close to being able to afford a mortgage payment because they will be able to get up to $100 off their monthly mortgage payment with the new program.

So, you say, you don't live in FL and PMI insurance has pushed your payment to high? Not everyone pays PMI. Find out what PMI is and how to avoid paying it at Home Buying: You Don't Have to Pay Private Mortgage Insurance or PMI