The Mortgage Minute- FHA Streamline Refinances Welcome to this week’s The Mortgage Minute. This week’s topic is FHA Streamline Refinances The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego home loan expert. An FHA streamline refinance allows you to refinance your current FHA loan without the need to income qualify, and […]
2015 FHA Mortgage Insurance The one thing you can count on when it comes to the mortgage industry is change. Change in mortgage interest rates, change in loan guidelines, change in loan programs, etc. Changes in FHA Mortgage Insurance are no exception. Today marks a milestone for FHA Mortgage insurance premiums. Effective with case numbers […]
Changes to FHA Mortgage Insurance Premiums expected The white house announced today that it has directed the Federal Housing Administration (FHA) to reduce the annual FHA Mortgage Insurance Premiums by 0.5% from 1.35% to 0.85%. The change in policy could mean increased affordability for some homeowners. Let’s look at one possible scenario to compare how a monthly […]
The changes coming to FHA annual MIP (monthly mortgage insurance) for 2013 will not affect some FHA Streamline Refinances. HUD announced in Mortgagee Letter 2013-04 that changes will be coming to the amount of monthly mortgage insurance on FHA loans as well as the duration of the mortgage insurance. Fortunately, the changes to the monthly mortgage insurance amount will […]
The changes coming to FHA annual MIP (monthly mortgage insurance) for 2013 will not affect some FHA Streamline Refinances. HUD announced in Mortgagee Letter 2013-04 that changes will be coming to the amount of monthly mortgage insurance on FHA loans as well as the duration of the mortgage insurance. Fortunately, the changes to the monthly mortgage insurance terms will not […]
HUD announced that big changes are coming to the FHA Mortgage Insurance terms. The upcoming changes to both the Upfront Mortgage Insurance Premium and the annual MIP were announced inMortgagee Letter 2013-04. There are two deadlines we all need to be aware of affecting the new terms for FHA Mortgage Insurance. The first batch of […]