FHA Drops Mortgage Insurance By 50 Basis Points Time To Buy Or Refi

FHA Drops Mortgage Insurance By 50 Basis Points Time To Buy Or Refi

FHA has dropped their mortgage insurance premiums by 50 basis points starting January 26th.  This means FHA home loans will be $50 per $100,000 borrowed cheaper per month.  Also Interest Rates are great too so this may be the time to refinance or to purchase!!

If you're thinking about refi-ing your current FHA loan, you must have had it at least six months.  There is no appraisal, no income check and no closing costs (rolled into refinance).  They will verify your credit score, so it is a "credit qualifying" streamline refinance.  Please give us a call if you'd like to check on your current loan or look into a new FHA loan.


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Author:
Phone: 970-397-5774
Dated: January 19th 2015
Views: 390
About Sarah: Sarah was a licensed real estate agent for 10 years before transitioning into the mortgage industry ...

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