FHA Home Loans have been the "go to" mortgage product for many home buyers in North Carolina for years. Now that so many mortgage programs have tougher underwriting guidelines, we see the FHA Home …
FHA Streamline Refinance Calculations 2012
If you are considering a FHA Streamline refinance - you might want to know why the new FHA PMI rates for this program are so cool! Well, FHA is DROPPING it's premium for refinancing, which - along …
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FHA Streamline Refinance Change June 11, 2012
FHA wants more homeowner's to be able to refinance to a lower FHA Mortgage Payment. Because of this, they are putting in a new "tier" for FHA PMI for refinancing your FHA loan! Effective June 11, …
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Announcement: FHA PMI Changes on April 2012 and June 2012
FHA does not make mortgage loans, they do, however, insure the banks against default. So, FHA is basically an Insurance Company. Each entity buying FHA loans is insured against the borrower falling …
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The Different Kinds of Mortgage Insurance
Most folks want to avoid PMI... but they don't realize that they are happily paying a "kind" of mortgage insurance no matter what kind of loan they are getting! Mortgage Insurance is not the …
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Calculating FHA Downpayment
I've been in this business for a while... my daughter would tell you I'm old as dirt... and for as long as I've been in this, we've had a complicated way of calculating FHA Downpayment. FHA always …
