FHA Mortgage Insurance Set To Go Up October 4th
admin2010-09-12T20:20:55-07:00September 12, 2010 (Shirley Allen) Effective October 4th, FHA loans will see an increase in the monthly mortgage insurance premium. However, perspective borrowers will see a decrease in the Upfront Mortgage Insurance from 2.25 to 1.00 (100 basis points) on most FHA insured loans except Home Equity Conversion (HECM – “reverse mortgage”). Read more...