HUD Announces Dates for Mortgage Insurance Changes

MIP Rates to Increase On April 1st      What does it Mean?

If you are planning to buy a home, or even considering a move you need to ACT NOW!  Why?  It will soon cost more money, adding extra expense to your monthly mortgage payment  if you plan to use FHA to finance your next home.  HUD announced that beginning with case numbers issued on or after April 1st new mortgage insurance premiums will go into effect.  This in turn could also off set any interest rate savings (which rates are edging up already) and impact your debt ratios and the amount of home you can afford to purchase.  So...if you want the very best situation ACT Now!  If you want more details or information about how this could impact you or for information on refinancing or homes for sale contact me using the links above.