Real estate blog entries tagged with mip by Venture Development Inc NMLS #373115

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Home : Blogs : Patti Mazzara NMLS #333279 : Twin Cities Mortgage And Real Estate News : Tag "mip"

mip: FHA MIP vs Conventional PMI - 04/30/11 01:22 PM

FHA recently raised the monthly MIP (mortgage insurance premium) on 30 year loans to 1.15% if you put less than 5% down and 1.1% if you more than 5% down. This is quite a dramatic change, as it was only a few years ago that it was .5%. With the cost of mortgage insurance increasing, it might now be time to look at a conventional loan and the advantages of putting a little more down payment so that you can benefit from a lower private monthly mortgage insurance. The private MI companies have come up with a comparison example. Take a look:
http://www.homesminneapolis.net/insured-conventional-loan-vs-fha-which-is-better/
… (0 comments)

mip: FHA Risk Based Premium-Will Affect Minnesota Mortgage Borrowers - 06/24/08 04:26 PM

July 14th will be an important day to remember. This is the day the new FHA guidelines go into effect. One of the major things that is changing is the risk based pricing. The matrix will involve credit scores, the FHA mortgage product type, and loan to value. Risk based pricing will manifest itself in a couple of ways. First, it will affect pricing. This means the lower the credit score, the higher the interest rate. Secondly, it will affect the mortgage insurance premium-called MIP. You might remember that MIP is what FHA charges to insure their loans. Normally, the … (0 comments)

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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115

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