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April 2nd, 2010 9:20 PM
Any new FHA loans receiving a case number Monday or after will have an increase in the mortgage insurance premimum upfront money. The rate will increase from 1.75% to 2.25%. This fee is usually added to the loan and does not add to the out of pocket money needed to close.
Posted by The Bobby Dean Team on April 2nd, 2010 9:20 PMPost a Comment (0)
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