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1
Tenpoundbass
2015 Jan 7, 1:57pm
Tenpoundbass
2015 Jan 7, 1:57pm
The difference between when I bought, it was a flat fee of $77, then they started making it a percentage, then a larger percentage. Then a larger percentage even still, on top of requiring the buyer to have to pay it for the life of their mortgage. Instead of it rolling off when you reached 20% like it did with my mortgage. He's scaling back the percent but it will still be more than what I'm paying, and they will still have to keep it for the life of the mortgage.
2
lostand confused
2015 Jan 7, 2:22pm
lostand confused
2015 Jan 7, 2:22pm
It is like they say with horses-the cheapest thing about owning a horse is buying one.
The plan calls for cutting FHA mortgage insurance premiums from 1.35 percent of the loan amount to 0.85 percent.
http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/01/07/obama-lower-mortgage-insurance/21396431/
Keeping the Real Estate run alive for now...
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