Wednesday, April 13, 2011
FHA Is Raising Mortgage Insurance Premiums
April 17th is the deadline for your lenders to order FHA appraisals before the monthly MIP increases to 1.15%. If your buyers are getting an FHA loan, you might want to check with their lender to see if the appraisal as been ordered. The Monthly Mortgage Insurance Premium increases with case numbers assigned on or after April 18, 2011.