mortgage
An important reminder that the monthly Mortgage Insurance Premiums on FHA loans rises from .90% to 1.15% next Monday, April 18th. On a purchase price for a $125,000 home this will result in an increase in mortgage payments of about $25 per month. In some cases, this could put a home buyer in a position where they may no longer qualify. If you are thinking about buying a home and using an FHA mortgage, you need to be under contract to purchase a home and have an FHA case number assigned in order to guarantee that you get the lower mortgage insurance rates.
Do not wait until it is too late!
Thumbnail Image Provided By Rev Dan Catt
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