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Reducing the number of FHA loans
We’ve discussed soon-to-be implemented and proposed changes to FHA loans. While these changes haven’t been implemented/approved, a bigger question emerges… “why are all the changes needed?” I alluded...
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MI comparison for FHA and Conventional Loans
I received an email Monday afternoon inquiring about differences between mortgage insurance on FHA and Conventional loans. After replying to the email, I thought about it and couldn’t remember the...
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FHA needs a bailout?
I ran across this article by The Economist last week. It raises a valid point, and provides some insight into why FHA has made changes to their guidelines over the past few years. The one thing to...
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Small down payment loan options
With yet another round of FHA mortgage insurance premium increases set to begin on April 1, 2013, many people think their only option of buying a home with a small down payment will just have to...
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FHA Mortgage Insurance
In a recent post, I mentioned how buying a home using a conventional loan with a 3% down payment helps avoid ridiculously high mortgage insurance payments associated with FHA loans. What makes FHA...
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FHA lowering mortgage insurance
Finally, FHA mortgage insurance becomes more reasonable (and competitive) when compared to conventional loans. As recently posted on this blog, FHA mortgage insurance has been priced so high that it...
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FHA loans are back!
President Obama issued an executive order that reduced the monthly mortgage insurance premium on FHA loans by more than a third. This order started in January. Since then, FHA loan applications rose...
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