FHA is taking steps to try to bolster it’s capital reserves.
…it’s increasing the amount of it’s up front and monthly MIP.
FHA’s up front MIP is going from 1% to 1.75%.
FHA is also increasing it’s monthly MIP from 1% to 1.1%.
These changes are taking place on April 1st of 2012.
…So, if you have an FHA loan and you were considering refinancing – do it in March!
To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application.
To sign up for my weekly mortgage quick tips – CLICK HERE.
To download this report “4 Easy Ways To Get Someone Else To Pay Your Closing Costs!” – CLICK HERE.
Thanks for reading, and have a great day!
Brett
Do you need cash out of your home, but you don’t want to refinance the…
I wanted to address the two most common questions that I get regarding reverse mortgages……
Do you need cash out of your home, but you don’t want to refinance the…
Would you like to get cash out of your home, but you don't want to…
If you need cash out of your house, but don't want to touch your first…
I wanted to address the two most common questions that I get regarding reverse mortgages……