The Federal Housing Administration (FHA) is making some big changes to their mortgage insurance structure. Starting October 4th 2010 the upfront mortgage insurance fee will be lowered from 2.25% down to 1%. Sounds great doesn’t it? Well hold on just a second… FHA mortgage insurance is making up their losses by nearly doubling the monthly […]
Should I do a FHA Loan for My Mortgage?
An FHA Loan could be the answer you are looking for. FHA loans are insured by the Federal Housing Administration (FHA). There are some certain rules and benefits that come with FHA loans. Here are the details you will need to know about an FHA loan. Benefits of an FHA Loan: Low Down Payment – […]