New FHA Rates dropped to help FHA Mortgage insurance to lower. This means with a lower rate, you can get a bigger home.
The new factor will be .85%. This is a large reduction to mortgage insurance!
As an example, if
you bought a $200,000 home on an FHA mortgage with 3.5% down, the
current monthly mortgage insurance would be $217.13 a month. With the
new mortgage insurance rate the monthly amount will
be $136.71! That’s $80.42 less.
This is great news
for you, this means you can have lower payments or qualify for more
of a home loan.
Contact me today.
Dave Vance Real Estate with Equity Real Estate
801-660-7023
http://davevance.net
http://weberdavisrealestate.com
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