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....General Update
I’m so embarrassed that my last blog post was back in March! I had my baby in early April, so life has been a whirlwind in managing baby and work. Both are absolutely wonderful though and my life is quite full and busy. The lack of blog posts is certainly not...Big Savings Coming Up on FHA Streamline Refinance Program, effective 6/11/12
In the midst of rising costs for FHA and Conventional loans, we are finally seeing some relief with the FHA Streamline Refinance program. This does not go in effect until June 11, 2012, but that’s right around the corner! To qualify for the savings: You must be...Loan Calculator
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