home buyers financing: FHA Increases Their Up Front and Monthly Mortgage Insurance Premiums April 1 2012 - How Does it Effect You? Reblog - 03/04/12 07:41 PM
Rates are increasing on April 1, so if you are doing FHA, both the Up Front Fees and the MIP is increasing.  The change will result in about a $20 to $30 change per month, the changes are outlined in the below blog.
In today's real estate market, many buyers are opting for the FHA route for obtaining their mortgage. FHA loans are different from Conventional loans in many ways, mainly an FHA loan is a Government loan that only requires a 3.5% down payment and a Conventional loan isn't, and it requires a minimum of 5% down payment.  Last year, … (2 comments)

 
Mary Macy, Top Agents Atlanta Metro (Top Agents Atlanta Metro)

Mary Macy

Top Agents Atlanta Metro

Roswell, GA

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