Hickory Area Happenings!

Tips for home buying under Obamas new FHA policy

January 15th, 2015 10:04 AM by Shane Greene

Last week, President Obama announced a new policy that will reduce annual mortgage insurance premiums (MIP) on FHA loans. NAR estimates that a reduction in the annual MIP of .50 to .85 percent will enable many first-time borrowers and other borrowers who are typically undeserved by the lending community to obtain home loans and help them into the buying market (and out of renting!).
Read more tips here.
Posted in:buyers
Posted by Shane Greene on January 15th, 2015 10:04 AM

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