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Mechelle Miller

ABR, ASP, SRES, TRLS
eXp Realty LLC
(281) 948-1047  https://www.har.com/mmarnold
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Urgent! Read this if you are thinking of buying a home.

April 14th, 2011


Starting Monday April 18, 2011 FHA is increasing the monthly MIP (mortgage insurance premium) on all FHA loans.  The premium on a 3.5 % down payment FHA loan will increase from .9% to  1.15%.  This increases the monthly payment for MIP by $20.00 for every $100,000 financed.  The only way to avoid the increase is to have a case number assigned to a property prior to April 18.  Buyers that are on the fence need to make the move to buy now!  

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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eXp Realty LLC
One Riverway, Ste. 1700, Houston, TX 77056   Get Directions
Phone: (888) 519-7431
Fax: (512) 842-7391
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