If you are still on the fence about buying a home, you should know that the Federal Housing Administration (FHA) is increasing mortgage insurance premiums on FHA home loans as of April 18, 2011. This deadline applies to the FHA case assignment date.
This increase could cost you (buyers) more money each month for your total monthly mortgage payment. If you are close to contract, BUY NOW before the new mortgage insurance premium takes effect. You MUST have an active loan application for the subject property prior to April 18, 2011.
"Making Real Estate Simple!"
Barbara Ann Wibe, e-PRO REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156
www.Barbarainc.com
Barbarainc@gmail.com
Coldwell Banker Nautilus Real Estate
7061 Clairemont Mesa Blvd. Suite 218
San Diego Ca 92111 Lic. #01742839
Source: Prospect Mortgage, Felisa Schlosser-Loan Officer
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