How much will the new FHA MIP Rules change save me?
As a Licensed Mortgage Advisor I have seen many ups and downs in the real estate market. Whether you are buying or refinancing your mortgage, rates have been at or near historic lows for an unprecedented length of time. How long will mortgages low rates remain this low is anyone’s guess.
This chart in FIG. 1 below is an example of how your payment could change under the new FHA Annual Mortgage Insurance Premium rules which go into effect on January 26th, 2015.
Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183