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FHA Changes with Mortgage Insurance - Here is the start date

By
Real Estate Agent with Global Reach Realty

A few weeks ago I wrote a post of Changes to FHA with their MI (mortgage insurance) rates.  These changes will now officially take place after Sept 7, 2010.  

Taken from my post on FHA changes:

"Congress just passed a new bill allowing FHA to increase their monthly mortgage insurance (MI) rate for new home buyers on all FHA Loans.  The previous MI rate depending on your monthly mortgage insurance premium was either .5% or .55% which has now been raised to 1.5% "

Cont..

Continue reading article and find out more about these changes

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