Real estate blog entries tagged with fha mortgages by Joseph R Hill (Imagine Properties NW Team @ Keller Williams Real Estate)

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Home : Blogs : Joseph R Hill : Hill Homes Seattle - Real Estate Chatter, General Going-ons, and Curious Pursuits in and around Seattle Washington : Tag "fha mortgages"

fha mortgages: NEW FHA Mortgage Insurance Premiums to affect Buyers Starting APRIL 5th 2010 - 01/24/10 01:01 PM

Starting April 5th, new FHA mortgages will require a 2.25% of the loan amount be paid up front or financed into the loan by buyers. This is an INCREASE in the FHA Mortgage Insurance Premium. The current amount (prior to April 2010) is just 1.75% of the loan amount.

How does this simple change in upfront FHA Mortgage Premiums affect buyers?
Borrowers (Buyers) will incure higher closing costs if they are paying the mortgage insurance premium upfront at closing Borrowers (Buyers) that choose to finance the mortgage insurance premium will incure slightly higher monthly payments because there loan … (2 comments)

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Joseph R Hill

Seattle, WA

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Imagine Properties NW Team @ Keller Williams Real Estate

Address: Keller Williams Realty, 1307 N 45th St #300, Seattle, WA, 98103

Office Phone: (206) 632-2636

Cell Phone: (206) 218-8448

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