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
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…