april 2012: FHA Mortgage Insurance Premiums Set To Rise In April- Denver, CO
- 03/27/12 10:06 AM
If you’re on the fence about purchasing a property in the near future and plan on using an FHA mortgage to buy a home, you may want to do it before April 18, 2012. Here are the two types of Mortgage Insurance or PMI that is associated with every FHA loan: 1.) Up Front Mortgage Insurance Premium: The current rate on this premium is 1% of the loan amount and is set to rise to 1.75% on April 18, 2012. There is no refund on the upfront mortgage insurance when you sell the home or refinance. It is strictly a cost … (0 comments)
If you’re on the fence about purchasing a property in the near future and plan on using an FHA mortgage to buy a home, you may want to do it before April 18, 2012. 
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