home loan: FHA Mortgage Insurance Increase
- 03/05/12 04:00 AM
FHA Mortgage Insurance will increase for all case numbers assigned on or after April 1st, 2012. Upfront premiums (UFMIP) will increase by .75 percent to a total of 1.75 percent. Annual mortgage insurance premiums (MIP) "monthly" will increase by .10 percent, to a total of 1.20-1.25 percent depending on the LTV, for loans amounts up to $625,000.00, and by .35 percent for loan amounts above $625,000.00. Make sure your borrowers are still pre approved at these higher premiums, and avoid any last minute surprises. Call me today and I can get your case numbers assigned before the increase takes effect. … (0 comments)
home loan: Buying a Home in Todays Market
- 02/09/12 06:09 AM
Buying a home in today's market can be stressful, and confusing, especially since 50% are First Time Home buyers. Even for the seasoned home buyer, the current real estate environment is constantly changing, and very different than it has been in the past. If your in the market to purchase a home here a few tips. 1) Shore up your credit You may think your credit score is good enough, but you wont know for sure until you contact a Mortgage Advisor, and get a consultation regarding your current credit standing. 2) Buy within your means When reviewing your credit with a Mortgage Advisor make … (0 comments)
FHA Mortgage Insurance will increase for all case numbers assigned on or after April 1st, 2012.
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