FHA Mortgage to become more expensive for Homeowners

FHA Monthly Mortgage Insurance Premiums are schedule to increase with case numbers issued on or after April 18,2011

This increase is phase 2 of the implementation of the law passed August 2010.

The changes are as follows:

The increase in the monthly premium will mean a significant increase in a client’s payment

This means that our client will need to adjust their sales price down approximately $14,000 in order to net the same payment as they would under the current MI figures

Now is the time for all those buyers who were sitting on the fence to get off the fence and jump into the market!

As an expert in FHA Mortgages in San Diego, I can guide our clients through the maze of changes and to the front door of their new home

Have your client contact me today for a FREE consultation

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