Posts Tagged ‘First-Time Buyers’

FHA Introduces Increase In Annual Mortgage Insurance Premiums, Again

One year ago in April, FHA increased the upfront mortgage insurance premium from 1.75% to 2.25%. Then in October, they reduced it back down to 1%. In just 2 months, we’ll see the Annual Mortgage Insurance Premium go up 25 basis points (a .25% increase). This means your MONTHLY payments will go UP effective April [...]

What Happens After We Find A House To Buy?

I notice  that there is often confusion when it comes to the process of buying a house. When do you do a home inspection? When do you get an appraisal done? Who orders them? All very common questions! Here’s a quick ‘n dirty version of the process: Once you pick a property you want to [...]

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