fha loans in tampa: FHA Mortgage Insurance Premium Changes, What's The Real Deal? - 01/23/17 08:51 AM
 
There is a lot of Talk about the FHA Mortgage Insurance Premium or Monthly PMI in the media. The General Spin is that is so horrible and the new administration is costing home owners millions of dollars. Here's the facts without the media spin or opinions:   1) If you already purchased a home, neither a reduction or increase would effect you. 2) This only effects new purchases or refi's 3) Did anything change? Nope, Nothing Changed at all. The PMI Rate will remain exactly the same as it was.   The FHA PMI reduction was to take place on … (1 comments)

fha loans in tampa: Adding A Non Residing Co Borrower On An FHA Loan Can Get You Approved - 11/28/12 11:48 PM
        You are a newlywed couple in your late 20’s with decent jobs, respectable income, and reasonable credit. You’ve started your search to buy a home in Tampa Bay, but when you walk into the bank to pre-qualify for a loan, to your surprise, you find out… NOT!  
You’re not alone. The Federal Reserve studied the problem, and found that in the three years between 2009-2011, just 9% of youngsters between the ages of 29-34 were able to qualify for a first-time mortgage. It had been 17% only 10 years earlier.
It’s no wonder that many have … (4 comments)