ufmip: MIP Reduction Takes Effect - Some Other Considerations
- 01/27/15 07:04 AM
You are no doubt aware that the reduction in the FHA premiums for mortgage insurance went into effect yesterday, 01.26.2015. There are a number of people with FHA loans that might benefit from refinancing their existing FHA loan into another FHA loan with lower MIP. As stated in an earlier post entitled, "More Level Playing Field May Benefit FHA" the Wall Street Journal estimates that there are about 3,000,000 existing FHA borrowers who could benefit from refinancing into a new FHA loan. In an article appearing today in Mortgage News Daily a representative of Indecomm, a mortgage document management company, indicated … (10 comments)
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Randy Kirsch
(NMLS# 1012303) Your Dedicated Mortgage Consultant
You are no doubt aware that the reduction in the FHA premiums for mortgage insurance went into effect yesterday, 01.26.2015. There are a number of people with FHA loans that might benefit from refinancing their existing FHA loan into another FHA loan with lower MIP. As stated in an earlier post entitled, "More Level Playing Field May Benefit FHA" the Wall Street Journal estimates that there are about 3,000,000 existing FHA borrowers who could benefit from refinancing into a new FHA loan.
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