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fha mip changes: FHA Home Loans - FHA Monthly Mortgage Insurance to increase - OUCH - 06/12/10 12:48 PM

 
The cost of FHA loans could increase before the end of the year is over with.  Right now, depending on your LTV (loan to value), the FHA monthly mortgage insurance is either .50% or .55% of the base loan amount.  We could see increases any where from .90% to 1.55%. That is a significant increase. Michael LaFido gives more details in this post : FHA mortgage insurance premiums approved to triple in cost
 
 
FHA Monthly Mortgage Insurance Premiums  (with less than 5% down)
Current premium                    -   .55% monthly
(31 comments)

fha mip changes: FHA Loans - Some rumors are now reality - Important information about FHA mortgage changes !!! - 01/20/10 11:03 AM
 
 
FHA Loan rumors now become a reality – So what happened?
 

Wow... I just talked about some rumors that have been floating around for months about FHA loans. Let me make something clear. They are rumors to me until they are officially stated through HUD/FHA. And on that note, they are also rumors when you read blogs that actually state that they happened already, when it was still in discussion. Here is what I said yesterday.
FHA Loans Rumor Alerts - 3% seller concessions & FICO scores - Part 1 of 2
In our ever changing world … (86 comments)

 
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherry Hill, NJ

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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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