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Big Change is Coming for FHA Loans

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 […]

Posted in Bank Info, Mortgage Tagged FHA,FHA Loan,Mortgage,Mortgage InsuranceLeave a comment

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