Lately, we’ve been looking at some homes that are “jewels in the rough.” So the question that is always asked is “How can we finance a home in this less-than-perfect condition?” Cash financing is always the easiest, because no mortgage is required. But what if you don’t have a enough saved to purchase the home of […]
Archive | mortgage news
FHA Monthly Insurance Premium Reduction
We received some great info for FHA Home Buyers from Mortgage Banker TimMittl: “Effective with FHA Case Numbers ordered on or after January 26th, the new monthly MIP (Mortgage Insurance Premium) on FHA loans with terms greater than 15 ears will be reduced by .50% basis points.” According to the Wall Street Journal Blog: “The FHA […]
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