mip: The MI Removal Loan - Murrieta Refinance - up to 95% ltv with no PMI, no MI, and no MIP. Available up to $417K loan amounts
- 09/11/11 12:33 PM
The MI Removal Loan - Murrieta Refinance - up to 95% ltv with no PMI, no MI, and no MIP. Available up to $417K loan amounts. We offer up to 95% financing in Murrieta, CA with no MI, PMI, or MIP. Recent changes to FHA Streamline MIP Rates have made streamline refinancing FHA Loans less attractive for Murrieta and California homeowners, as the Monthly MIP Charge is double what is was just 2 years ago (now at a1.15% annual factor. You can utlize our MI Removal Loan to get the monthly savings you deserve. You can refinance your existing loan … (0 comments)
mip: Last Call for FHA Streamlines before the MIP changes!
- 09/22/10 04:46 AM
The time is now for FHA Streamline Refinances - Last Call for FHA Streamlines before the MIP changes! With HUD's announcement of changes to FHA Mortgage Insurance Premiums beginning on October 4, 2010, it is urgent that homeowners with current FHA Mortgage Loans considering a FHA Streamline Refinance get started before the changes go into effect. Although the UFMIP, or Upfront Mortgage Insurance Premium is being reduced from 2.25% to 1.0%, the Annual MIP rate is being increased from .55% to .90%, this is paid monthly by the borrower with their Mortgage payment. The Net effect of this increase is … (0 comments)
mip: MIP, UFMIP, VAFF, PMI, LPMI?
- 09/21/10 09:42 AM
MIP, UFMIP, VAFF, PMI, LPMI What are all of these? Quick and easy reference guide: MIP = Mortgage Insurance Premium - this acronym is used for FHA's annual mortgage insurance premium, which is paid on a monthly basis as part of your Mortgage Payment. UFMIP = Upfront Mortgage Insurance Premium - in addition to the annual MIP, FHA charges a one time UFMIP when your loan in originated. This helps to keep the monthly costs affordable by splitting the cost into two parts. VAFF = VA Funding Fee. The VA doesn't require Mortgage Insurance, but it does fund the VA … (0 comments)
mip: FHA Changes to Mortgage Insurance Premiums authorized in House Bill HR 5981
- 08/08/10 10:39 AM
FHA Changes to Mortgage Insurance Premiums authorized in House Bill HR 5981 FHA, The Federal Housing Administration, has been authorized to increase the Annual Mortgage Insurance Premium per House Bill 5981, passed this week in DC. Here is a letter from FHA Commissioner Stevens on the MIP changes. It contains good news and bad news. The good news is that the Upfront Mortgage Insurance Premium (UFMIP on your HUD1/Good Faith Estimate) is being reduced to 1.0% from the current level of 2.25%. Now the bad news: The Annual Mortgage Insurance Premium (which is paid monthly by the FHA Borrower) is … (0 comments)
HUD has finalized the new 2008 loan limits for FHA Government backed loans. The new limits increase the max loans for FHA from just over $368K up to $729,750. Although the highest amounts are for high cost metropolitan areas such as Los Angeles, New York, & San Francisco, Every county in America benefits from an increase in the FHA loan limit from $200K to a new minimum limit of $271,050. This helps to increase the number of US households that can qualify to purchase and refinance their homes. You can find the new … (0 comments)
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The MI Removal Loan - Murrieta Refinance - up to 95% ltv with no PMI, no MI, and no MIP. Available up to $417K loan amounts. 
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