We can’t wait to share this news. Just…WOW! Another step to help home buyers accomplish the purchase of their dream home! Thank you to National Association of Realtors for sharing this exciting news!
“FHA TAKES STEPS TO HELP HOME BUYERS
In a move applauded by housing experts, the federal Housing Administration (FHA) took an important step to help low and moderate-income buyers get into a home. For the first time in two years, FHA has cut their annual mortgage insurance premium. The premium has been cut from .85 to .60 percent.” (Reference: Nat’l Association of Realtors)
See the full article here: http://narnewsline.blogs.realtor.org/2017/01/09/fha-cuts-mortgage-insurance-premium-for-first-time-since-january-2015/#sf50032163
We’ve had several clients lately ask about the difference between a 15 yr loan versus a 30 yr loan. While we are not experts in this area (want even more info? Contact your loyal lender), we found this chart a perfect tool to help explain the main differences! Pretty interesting to think about! See below :). Have a Sunshine day everyone!