In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
You know everyone is telling you that now is the best time to buy a house, especially if it is your first house. With the low interest rate, Home Buyer Tax Credit, and lower house prices, people telling you that are probably correct. Image via Wikipedia Here is another reason: The Federal Housing Administration, or [...]
If you happen to have an FHA loan on your home, an important benefit that you have is about to be taken away. FHA loans currently have an option of a ‘Streamline Refinance’, which is a great way to lower your interest expense with very little hassle, paperwork or uncertainty. This month, the FHA announced changes [...]