Archive for May, 2012

Good News for current FHA borrowers

As you may recall a few months ago I wrote an article informing everyone about the Federal Housing Administration (FHA) increasing their Mortgage Insurance (MI) premiums on all new loans.  This increase was implemented on April 6th of this year and affects any person that is purchasing a home on or after this date with an FHA insured loan.  This is also going to affect any person with a current FHA loan that is looking to refinance in order to ...

Continue Reading →