FHA Mortgage insurance going up—- Again…

With all FHA mortgage applications on April 18, 2011- monthly FHA mortgage insurance premiums are being raised .25. On a $163000 sale price with 3.5% downpayment- that equates to an additional $33/month- which may make some homebuyers not eligible any longer for the loan they were preapproved for.
This is another reason buyers needs to buy soon! Rates are rising & monthly payment will be going up with the higher interest rate & higher monthly mortgage insurance premium.

Call for more information, an application or preapproval- 440.452.3894 or apply 24/7 at http://www.firstplacebank.com/lizschneider


About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.
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