mortgage insurance: 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.
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Isaac Weller, MLO 204076 (Alpine Mortgage Planning )

Isaac Weller

MLO 204076

Federal Way, WA

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Alpine Mortgage Planning



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