Also known as A.P.R. the Annual Percentage Rate is the cost of your credit expressed in terms of an annual rate. The A.P.R. takes into account "points" or "closing costs" that may be included in your … [Read more...]
FHA Streamline Refi Annual MI and Upfront MIP effective June11, 2012
Mortgagee Letter 12-4 For all SF Forward Streamline Refinance transaction that are refinancing FHA loans endorsed on or before May 31, 2009, the Annual MI will be 55 bps, regardless of the base loan … [Read more...]
FHA increased the Annual Mortgage Insurance Premium
On June 11, 2012, FHA increased the Annual Mortgage Insurance Premium on Mortgages with a High Outstanding Base Loan Amount. This will affect areas with the higher Maximum Loan Amounts on FHA. The … [Read more...]
Final REALPRO for Windows version available now
Those REALPRO for Windows users can download the newest version of the program which includes all of the changes that happened in 2011. There is no charge if you are currently using 12.x.x version. If … [Read more...]
FHA Mortgage Insurance to increase April 18 2011
On February 14, 2011 a new Mortagee Letter 11-10 was published. The changes announced were regarding the Annual Mortgage Insurance Premium and information regarding how the future of current Case … [Read more...]