One month left before FHA mortgage insurance is permanent…SO WHAT??
Borrowers not wanting to have FHA mortgage insurance as part of their mortgage payment for the life of the loan have about thirty days...
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Three different 3 Percent Down Conventional Loan Programs
I’m pricing out a scenario for a first time home buyer who’s looking at buying a home priced at $250,000 and they have...
read moreMortgage rate update for the week of April 8, 2013
Mortgage rates continue to remain at historically low levels. Homeowners who have not recently refinanced may want to contact their...
read moreGet Ready for Round 2 of Changes to FHA Mortgages
Effective this week, FHA annual mortgage insurance premiums were once again increased on loans with case numbers issued April 1, 2013...
read moreNo Fooling! Time’s Running Out on Reduced FHA Mortgage Insurance Premiums
There are just a few days left before FHA mortgages will have another increase to annual mortgage insurance premiums. Effective with...
read moreFive weeks remaining before FHA mortgage insurance premiums increase
HUD has scheduled another increase to FHA annual mortgage insurance premiums effective with new case numbers obtained April 1, 2013...
read moreIt’s official: HUD issues Mortgagee Letter Confirming Changes to FHA Mortgage Insurance
I’ve been writing about pending changes to FHA insured mortgage loans regarding the mortgage insurance premiums. Yesterday, HUD...
read moreHeads up! HUD issues Press Release with upcoming changes to FHA Mortgages
Today HUD issued a press release confirming pending changes to help bolster FHA’s capital reserves. “These are essential and...
read moreMortgage Insurance Tax Deduction extended through 2013
With the recent passage of the American Tax Payer Relief Act of 2012, Congress extended the ability to deduct mortgage insurance the...
read moreFHA Mortgage Insurance Increasing in 2013
Last week I shared with you part of HUD’s plan to no longer allow FHA mortgage insurance premiums to terminate to help improve...
read moreFHA Mortgage Insurance to remain on loans FOREVER
HUD has announced in their Annual Report to Congress Regarding Financial Status of the FHA Mutual Mortgage Insurance Fund Fiscal Year...
read morePreapproved with FHA Financing? You Better Double Check with your Lender.
If you are currently preapproved to buy a home using FHA for your financing, I highly recommend you check with your mortgage...
read moreFHA to Reduce Mortgage Insurance Rates for some FHA Streamlined Refi’s
Today HUD announced that beginning June 11, 2012, FHA will REDUCE the cost for an FHA streamlined refinance for FHA insured mortgages...
read moreReader Question about FHA Mortgage Insurance
I received this email this past week while I was on vacation. Right now I am licensed for loans only in Washington State and...
read morePrivate Mortgage Insurance Termination
Private mortgage insurance (pmi) is used when a borrower has less than 20% down or home equity in their property. PMI...
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