FHA PMI Refinance Refund Chart

fha_pmi_refund

If you currently have a FHA Mortgage, and you are refinancing, either with a full “application” FHA Mortgage, or with a FHA Streamline Refinance which doesn’t have as much documentation, you might be eligible for a refund of part of your FHA PMI mortgage insurance. ALL mortgages that have less than a 20 percent down […]

FHA PMI Rates 2015

fha_pmi_rates_2015_lower

FHA announced that despite some skeptics in Congress, FHA will lower the FHA PMI Rates on January 26th.  The new rates are going down by almost 1/2%.  Because of this reduction, new home buyers will save almost $4000 in five years! The new FHA PMI Rate change will be the 8th change we’ve seen in […]

FHA Streamline Refinance Case Numbers

fha streamline refinance case numbers

We think the practice that we are seeing in a PERVASIVE manor (outlined below) is unethical. This is a HUGE problem right now for folks who called around for information and rate quotes for a FHA Streamline Refinance, especially folks who qualify for the lower FHA PMI fees. MANY of the Banks and Mortgage Companies […]

FHA Streamline Refinance of Investment Property

Seller paid closing costs

Mortgage rates have dropped again this week.  Meaning, it’s time to Refinance that Rental home, and get a better cash flow! If you’ve been looking for a Bank that offers the FHA Streamline Refinance of Investment Property, you’ve finally found the right place! FHA Mortgage Loans are generally only available to folks who are going to live […]

When Does FHA PMI Get Cancelled?

fha-streamline refinance

If you are considering a Refinance of your FHA Home Loan, like many folks in North Carolina, we need to talk about when you closed on your mortgage.  Because FHA is really just a giant insurance program, they’ve changed their insurance rates and terms MANY times in the past 5 years trying to keep the […]

FHA Streamline Refinance Documentation

questions about usda home loan requriements

We are getting tons of questions on this blog about FHA Streamline Refinances, how long it takes to close a FHA Streamline Refinance, what the FHA Streamline Refinance rates are… you get the picture. And for the most part, I try to answer them individually.   We are seeing many of the same questions over […]

FHA Streamline Refinance When You Do Not Occupy Property

FHA Streamline Refinance Investment Property

Mortgage rates have dipped again, and Government loan mortgage rates are now nearing the lowest levels we’ve seen – again! Lower interest rates mean folks are thinking about refinancing their homes.  Especially folks who didn’t have the ability to refinance it within the last couple of years! FHA allows you to Streamline Refinance when you […]

When Does FHA PMI Stop?

FHA MIP Cancelled

With the new FHA Streamline Refinance program – and the recent changes in the FHA PMI rates – we’ve had several people ask, “When Can I Cancel and Get Rid of FHA Mortgage Insurance Premium?” In other words, When Does FHA PMI Stop ? The good news is that unlike the USDA Loan Program (that also saw […]

Could The New FHFA Head Change FHA PMI Endorsement Date?

Endorsement Date After June 2009

There’s an interesting article out today by Christina Mlynski, discussing the new nominee for the Head of the FHFA.  The Obama administration recently nominated NC Congressman Mel Watt for this job.  It’s the MASSIVE Agency that resides over HUD, Fannie Mae, Freddie Mac – all things mortgage. Apparently, these are the guys who initially came […]

Letter to Congress: FHA Streamline Refinance On Loan Endorsed After June 1 2009

Letter to Congress

I’ve never accepted a guest post – however, I received a letter from a borrower who is frustrated by the FHA Streamline Refinance System.  The Borrower (who lives in NC) has a FHA loan, and wants to take advantage of the low FHA Mortgage Rates – however, her loan was endorsed 11 days after the […]