fha: HURRY FHA BUYERS! LENDING IS CHANGING AGAIN! - 09/28/10 07:09 PM
HURRY FHA BUYERS! GUIDELINES ARE CHANGING  

For FHA, Loans Mortgage Insurances is needed because down payment is only 3.5%. Therefore the remaining loan requires Mortgage Insurance. Now, some of you are saying, "What is Mortgage Insurance and why do I need it?"
"Mortgage insurance, is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. It can be either public or private depending upon the insurer. "
What do you need to know?
Coming October 4th, Upfront Mortgage Insurance Premiums cost is going DOWN from 2.25% to 1%!!!  These are a … (4 comments)

 
Erika Walker, "Selling Real Estate with a Touch of Class" (Dyer-Walker Real Estate)

Erika Walker

"Selling Real Estate with a Touch of Class"

San Marcos, CA

More about me…

Dyer-Walker Real Estate

Address: San Diego, Ca

Office: (619) 770-7838

Mobile: (619) 770-7838



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