Final Days to Lock In on Lower FHA MI Rates
There are less than two weeks before FHA Mortgage Insurance rates increase again! Here is a detailed chart of the new rate premiums, effective with Case Numbers ordered on or after April 1, 2013. If you can get that case # ordered now, do it! I have a client that put...Current Rules for Getting a Loan if You Have Had a Foreclosure or Short Sale
It’s a pretty hot housing market right now: lots of demand + lower-than-normal inventory mean that housing prices are rising. Even though interest rates are higher than last year’s lows, they are still in the 3s (depending on your scenario, they may be in the low...FHA Increasing Mortgage Insurance Rates Again
They’re doing it again! FHA will be increasing Mortgage Insurance Premiums (MIP) by .10%. Currently, for a 30-year term mortgage with a loan amount of $625,500 or less, the annual MIP rate is: 1.25% when Loan-to-Value ratio is > 95% 1.20% when Loan-to-Value ratio...Reminder to Pay Property Taxes
We are coming up on the “late” date for the 1st installment of property taxes. The fiscal year runs from July 1 to June 30. The 1st installment of taxes is due on November 1st, late December 10th; the 2nd installment of taxes is due February 1st; late April 10th....Loan Calculator
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