fha lowers upfront fees: Lower FHA Upfront Fees, Great News for First Time Homebuyers in Boise - 09/14/10 05:11 PM
Homebuyers using FHA financing are going to get a surprise on October 4th, their mortgages will cost them less than it does today to close on their loan.
That's because some creative bookkeeping at HUD has spread the scheduled increase in FHA's mandatory mortgage insurance premiums over the life of the loan, and will actually reduce the up-front payment at closing from the current 1.75 percent of the loan to 1.00 percent.

However, homebuyers monthly insurance payments will go up from 55 to 90 basis points.  For a $275,000 mortgage, the payment would go up about $70 a month, on a $125,000 mortgage, the payment would … (0 comments)

 
Dean Tucker (Mortgage Banker) (Dean Tucker Benchmark Mortgage - Prime Equity Group)

Dean Tucker (Mortgage Banker)

Boise, ID

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Dean Tucker Benchmark Mortgage - Prime Equity Group

Address: 2535 W State Street, Boise, ID, 83702

Office Phone: (208) 287-1717

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