sangfnsgfsd
Categories: Brett's Mortgage Blog

FHA Is Proposing These Two Changes (Not Good News)…

Good Morning!
In a recent press release HUD is proposing two changes to the FHA mortgage program…1) They are proposing the monthly mortgage insurance on a 30 year FHA mortgage will last for the life of the loan.

Right now if 5 years have passed and your LTV is 78% or lower you can eliminate monthly MI payments to FHA. …this may very well go away.

2) They are proposing a 10 basis point increase to the annual insurance premium.

Currently these are just proposals, but I would expect them both to happen at some point in the not too distant future.

Suggested action: If you were considering getting an FHA mortgage do it now – not later.

Have a good day today!  …and thanks for reading.

Brett

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.
Brett Sampson

Share
Published by
Brett Sampson
13 years ago

Recent Posts

How To Buy A House Without A Down Payment…

Texas renters are spending more than 30% of their incomes on rent. It can be…

12 months ago

100% Financing On This Home Loan Program…

If you are looking for a home in the outer suburbs or in a rural…

12 months ago

Why It Might Be Smart For You To Consider Debt Consolidation…

If you have credit card debt it’s smart to consider a consolidation loan. If you…

1 year ago

Free Grant Money Available For These Professions…

I wanted to let you know we have a 2% to 5% downpayment and closing…

1 year ago

How To Pull Cash Out Of Investment Property Without Income Documentation…

Do you have investment property, and would like to pull cash out of your property?…

1 year ago

How To Buy A House With No Money Down…

Texas renters are spending more than 30% of their incomes on rent. It can be…

1 year ago