Tuesday, March 30, 2010

Times they are a changing!

Here is the next new thing coming down the mortgage pipeline!

This is a reminder that as of April 2nd, 2010 the UFMIP (or Mortgage Insurance Premium) for all FHA case numbers ordered on or after this date will be increased from 1.75% to 2.25%. This means the closing costs to purchase your home are increasing! If you intend to do an FHA loan in the immediate future, you must order your case number NOW!

If you need a referral to a reputable, reliable lender. Call me and I'll be happy to get you connected with someone I know who will take excellent care of you!

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