Homeowners Pay Less in Mortgage Insurance Premiums with FHA Reduction
ThinkRedDoor Mortgage Blog | NLC Loans, Mortgage Advice
by
2y ago
New cuts in FHA Mortgage Insurance Premiums save homeowners more on their monthly mortgage payments. Move may spur refi’s and make housing more affordable. January 9, 2017 (Independence, Ohio)  The Federal Housing Administration announced today they would reduce the annual premium that borrowers pay on mortgage insurance, a move that could affect more than 1 million potential homeowners. The reduction means more people are eligible to purchase a home or refinance an FHA loan with lower monthly payments. According to the FHA, it will cut the annual mortgage insurance premiums most borrower ..read more
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Homeowners Pay Less in Mortgage Insurance Premiums with FHA Reduction
ThinkRedDoor Mortgage Blog | NLC Loans, Mortgage Advice
by
5y ago
New cuts in FHA Mortgage Insurance Premiums save homeowners more on their monthly mortgage payments. Move may spur refi’s and make housing more affordable. January 9, 2017 (Independence, Ohio)  The Federal Housing Administration announced today they would reduce the annual premium that borrowers pay on mortgage insurance, a move that could affect more than 1 million potential homeowners. The reduction means more people are eligible to purchase a home or refinance an FHA loan with lower monthly payments. According to the FHA, it will cut the annual mortgage insurance premiums most borrowers wil ..read more
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