| Your Lake Arrowhead Sellers, the best choice for a Realtor, with the Top Real Estate Company on the Mountain... Get The Sellers Advantage
The Senate is preparing to pass FHA Reform ACT of 2010. It has some good features that will improve mortgage financing; however, it also contains a very concerning mortgage insurance increase proposal that could have detrimental effects on the housing market. |
| The proposed increase of FHA's annual mortgage insurance premium from 0.55% to 1.55% would reduce a homebuyer's purchasing power. |
| Here's why: FHA's current annual premium is 0.55% (up from 0.50% just two months ago in April). A proposed 1.55% annual premium would have huge negative impact. For example, a borrower's monthly mortgage insurance premium on a $250k loan amount would be $115/mo. A 1% increase would raise the monthly mortgage insurance to $323 per month!
This bill has been passed by the House and is headed to the Senate for passage. Please click the link below and tell your Senator to say NO! |
- Richard Sellers
- elitesellers@gmail.com
- Website
- www.arrowheadlifestyles.com
- Office Phone
- (909) 336-2131
- Cell Phone
- (909) 553-1897
- Fax
- (909) 336-2500
- Address
- 27206 Hwy 189, Blue Jay, CA, 92317
- Description
- "Life isn't about how to survive the storm, but how to dance in the rain."
- Real Estate Broker, DRE CA License #01148405
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