With our elected officials proposal to increase the FHA down payment requirement to 5%, and FHA wanting to increase the monthly mortgage insurance premium to 1.5%, every prospective home buyer should be asking themselves is now a good time to buy and how would these increases affect me? Prospective home buyers often ask me [...]
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FHA Monthly Mortgage Insurance Premiums Going Up Again for CA Home Buyers
Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points.
California FHA Monthly MI Premiums Approved To Triple In Cost! How will it affect you?
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
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