Thinking about buying a home now or 6 months from now? Join us for our fun and informative Home Buyer Seminar to find out the steps you need to take and how the home buying process works.
Enjoy a complimentary light breakfast and learn some valuable inforamation.
Where:
Keller Williams Realty
7920 Sunset Blvd. Suite 100 (The DGA building)
Los Angeles, CA 90046
When:
Saturday, February 9 , 2013
11:00 - 12:30
Please arrive a few minutes early to enjoy a light breakfast and coffee
How much?
Free. Just call or email to reserve your spot:
323-376-6545
jodibar98@sbcglobal.net
Monday, February 4, 2013
Friday, February 1, 2013
New FHA Changes on April 1
FHA Announces Major Changes
In an effort to
reinforce FHA’s Mortgage Insurance Fund, the following changes will be taking
place on April 1,
2013:
- Manual Underwriting required for loans with credit scores below 620 AND qualifying ratios above 43%
- FHA annual mortgage insurance premium will increase by 0.10 percent (10 basis points)
- For loan amounts at or above $625,5000 - FHA annual mortgage insurance premium will increase by 0.05 percent (5 basis points)
- FHA will no longer cancel MIP (This replaces the current policy that canceled MIP when the LTV reached 78%).
ΓΌ Borrower
will continue to pay MIP for the life of the FHA loan, regardless of the
LTV.
- For loans above $625,500 – down payment increasing to 5% (no longer 3.5%)
- Thank you Dana Dukelow Surety Financial
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