Housing prices are on the rise so you now may have more equity in your existing home. If you have mortgage insurance this might be a good time to contact BMIC Mortgage, Inc.so we can do a loan analyst to determine if you can eliminate and existing mortgage insurance.
RATES RATES RATES are on the move!!!!!!! are you buying a house or looking to take some cash out for the home repairs you have been putting off until the rates are rock bottom??? Comment below and lets start talking!!!! There is no better time than NOW!
Big News for the week ending January 13, 2017.
HUD reduces monthly mortgage insurance premiums by ¼% for FHA Loans.
On Monday, January 09, 2017 HUD reduced the monthly mortgage insurance premiums to .60 from .850; a savings of ¼%. This covers all new loans that close on or after January 27, 2017....
This reduction, along with other positive underwriting features, make FHA loans an extremely attractive choice for new home purchases, or property refinances.
Attention FHA loan holders: monthly mortgage insurance just dropped 1/4 point!!!!! THIS IS HUGE!!!!!!! All FHA clients please call me so we can run some numbers!!!! Happy Happy Monday!