Special offer

Pretty sure most agents know this... but just in case!

By
Mortgage and Lending with Aliso Niguel Mortgage - a division of Magellan Capital Group
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Bryan Wilson
President
Magellan Capital Group / Aliso Niguel Mortgage
Phone: (949) 533-9333
Fax: 949-215-1753
bwilson@magcapitalgroup.com

 

FHA Announces Increase to Monthly Mortgage Insurance Premiums
How Will This Impact Your Clients?

I just wanted to let you know about an important announcement from FHA that will have an impact on your clients. As of this coming April 18th, the monthly Mortgage Insurance Premiums will increase slightly for FHA loans.

This increase is not expected to have a large impact on borrowers and will only increase a homebuyer's payment slightly.

However, this change will help strengthen FHA, which is important since some estimates show that FHA loans represent nearly 50% of all loans being done today.

Even though FHA has slightly increased their rates, the FHA loan is still a good value for clients with little to put down. Rest assured that the FHA loan is still a very viable option worth considering.

If you have any questions at all about what this might mean for any of your clients, call or email me anytime. I'm committed to doing whatever I can to help your clients own the home of their dreams.

Sincerely,

Bryan Wilson
Magellan Capital Group / Aliso Niguel Mortgage
Phone: (949) 533-9333
bwilson@magcapitalgroup.com

Posted by

Bryan Parks Wilson

Aliso Niguel Mortgage

C 949-533-9333  F 949-215-1753

www. alisoniguelmortgage.com

Comments (2)

Terkel Sørensen
Real Estate Places - Temecula, CA
Realtor, 951.805.0773 , Bank owned and Short Sales

Yeah, caught that one Bryan - I guess you could say we've been waiting for that to happen eh... Somehow, sometime, they are going to have to start collecting some of their losses...

Mar 02, 2011 04:50 PM
Bryan Wilson
Aliso Niguel Mortgage - a division of Magellan Capital Group - Aliso Viejo, CA
Refinance & Home Purchase - Conforming and Jumbo Loans - FHA and VA.

Yep! It really has not affected the purchases I have been doing so far (luck I guess) but it is killing a lot of refinances because the highe rMI offset lower rates on most of the files I get presented!

Mar 03, 2011 09:20 AM