Real Estate Matters: FHA lowers mortgage insurance premium

SOURCE: Mortgage News Feed

I had a buyer client recently put off closing the Federal Housing Administration-backed loan on the house he was buying for a day or so, so he could take advantage of just-reduced mortgage insurance premiums. That strategy saved him about $100 a month for the life of the loan. If carried out the full 30 years of the mortgage that’s a cumulative savings of $36,000.

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http://www.heraldextra.com/business/local/real-estate-matters-fha-lowers-mortgage-insurance-premium/article_0b025d2e-2dd1-567e-8eda-6093872670b9.html

 


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