Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row – The Federal Housing Administration (FHA) said on Thursday that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated minimum reserves in FY2018 for the fourth year in a.
How to Get a Loan Without Private Mortgage Insurance (PMI) – · Understand your rights. PMI is an insurance policy to protect the lender, if your LTV is 80% or more. If you initiate a loan with less than a 20% down payment, you will be in this situation. However, as you pay down your loan over time, your LTV will decrease and you may be able to terminate the PMI payments.
Details on FHA’s MIP Increase; HSOA update; Upcoming Events – Once again, future borrowers are paying for the problems of previous borrowers – the money will be used to bolster the sagging reserves in the FHA mortgage insurance premium fund. Hopefully any more.
MIP Cancellation: How to Remove FHA Mortgage Insurance in 2017. – How to Cancel an FHA Mortgage Insurance Premium (MIP). the MIP cancellation policy change mentioned earlier, which remains in effect today, in 2016.
Mortgage Compliance FAQs: May 2016 – New FHA System Updates. FHA also made changes and enhancements to the FHA Connection system including a new 203 (k) calculator that now provides automated calculation of the maximum allowable mortgage amount for 203 (k) and Steamlined 203 (k) mortgages..
Mortgage Calculator- Lite – We make our products beautifully designed, simple to use and user friendly. Our “Mortgage Calculator with PMI” includes Conventional, FHA, VA and USDA – all major loan type calculators in one app & on.
How to Dump PMI ASAP | Fox Business – Take these measures to get rid of that pesky PMI.. By Holden Lewis Published January 27, 2016 Home MortgageBankrate.com. Although you can cancel private mortgage insurance, you cannot cancel recent FHA insurance.. To calculate whether your loan balance has fallen to 80% or 78% of original value, divide the.
Get rid of FHA mortgage insurance without refinancing – Although your fha note rate may be lower than today’s conventional loans, you have to take the permanent mortgage insurance into account. Even if you have a note rate of 3.5%, FHA MI of 1.35% gives you an effective rate of 4.85%.
Mortgage Face-Off: FHA vs Conventional – The Home Loan Expert – One of the big decisions that homeowners make is: FHA or Conventional. While you pay monthly for your FHA PMI, Conventional mortgage insurance is.
Higher Down-Payment Requirements Coming in November – FHA (buyers’ primary low down payment financing option) raised its monthly and upfront fees this spring, and also made borrowers’ monthly mortgage for the life of.