I get emails from a LOT of people…just like many of you. However, I try to take from that rash of emails information that might be important to pass along to others. This is one of those instances:
Effective for all case numbers assigned on or after April 1, 2013 the monthly mortgage insurance premium on FHA 30 year fixed rate loans increased from a factor of 125 basis points to 135 basis points. On a $100,000 purchase with 3.5% down that’s a monthly increase of $7.91. Case numbers are assigned when a property goes into contract. (more…)
There are still a variety of programs that are available and incentives to help you get into the house you want / need. See FHA Buydown Flyer for more details.
Are you wanting more information on the HR 3221 bill? This SUMMARY will help explain the details in terms you can understand – all in all, it looks like a very good deal that is needed to help get the overall housing market back on track. CLICK HERE to read the Summary.
As a Realtor, we are asked to “voice our opinion” and try to lobby for things within the real estate market that need to be protected / preserved / changed / updated / done away with. Many times – the result of our one voice may seem lost in the multitude of so many others – but here is a reply I received today that I thought I would share. Preserving one’s ability to buy the American Dream is what have been fighting for! (more…)
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