You've got your buyer, you've entered into a contract and you're well on your way to selling your home. Then, all of a sudden, things take a turn. The momentum is broken and it all begins to.
Annual Mortgage Insurance Premium Rate Reduced
The Federal Housing Administration (FHA) announced that it is reducing its annual Mortgage Insurance Premium (annual MIP) rates for most Title II forward mortgages with Closing/Disbursement dates on or after January 27, 2017. These annual MIP rate reductions will expand access to mortgage credit, and are expected to lower the cost of housing for the approximately 1 million households that use FHA annually.
For example, on a $200K loan, above 95% Loan To Value, it will save borrowers approximately $41/mo, that’s almost $500/yr in savings.
Fifth generation Texan, originally from a small town North of Dallas, currently in Fort Worth, Texas. Serving all of DFW. My goal is to help you reach yours by providing exceptional service through ho....
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