It will be lower annually, and a little higher monthly.
Here is the new Mortgage Insurance schedule for FHA for all case numbers pulled after October the 4th…
Loan Term | LTV | Up Frot MIP | Monthly MIP |
30 Yrs | <95% | 1.00% | 0.85% |
30 Yrs | >95% | 1.00% | 0.90% |
15 Yrs | <90% | 1.00% | None |
15 Yrs | >90% | 1.00% | 0.25% |
I also wanted to remind you to check out this special report I wrote – it will come in handy if you need help paying closing costs on your next purchase…
http://loansdonequickly.com/?page_id=358
Use the code (lighthouse) to open this exclusive report.
I hope you have a good day today, and a good week. Thanks for reading!
Brett
I’ve written about this before, but we have more and more people passing the age…
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…