Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

FHA Mortgage Insurance Premium Changes, What's The Real Deal?
 
There is a lot of Talk about the FHA Mortgage Insurance Premium or Monthly PMI in the media. The General Spin is that is so horrible and the new administration is costing home owners millions of dollars. Here's the facts without the media spin or opinions:   1) If you already purchased a home, neither a reduction or increase would effect you. 2) This only effects new purchases or refi's 3) Did anything change? Nope, Nothing Changed at all. The PMI Rate will remain exactly the same as it was.   The FHA PMI reduction was to take place on 1-27-2017. It was put in place by Castro on his way out the door just before Carson took over FHA. It was not sustainable, remember in 2013 when FHA needed over a 1 billion $ bailout? They just recently met their reserve requirement.   What's the bottom line?   If the reduction in FHA PMI would have remained it would only have reduced the total payment on a $200,000 loan amount by a total of just $40.23.   I am all for responsible home ownership and lending, if $40.23 makes the difference between affordable and not affordable maybe its time ... more

__________________________________________________
Are you on The Rain? Grow Your Network!