Costs to buy a home are going up!
Effective April 18th – FHA Mortgage Insurance Premiums (MIP) will have another increase from .90 to 1.15%. That is a 30% increase. This means an increase in the borrower’s monthly payment! If you are thinking of buying, we need to have an FHA case number by 4/18/11 to be able to use the lower PMI. After that date, the fees go up. Looking to buy, call me asap and lets find one while the fees are low.
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