Comments on: FHA Mortgage Insurance Updates… Will this Increase Your Monthly Payment?

By: Nick@taux hypotheque

Nick@taux hypotheque — Tue, 16 Jun 2009 11:09:32 +0000

I am not familiar yet with this Mortgage insurance as I'm only new in the insurance industry. Surely, this topic and all the comments will help me to understand about mortgage insurance. I really appreciate it. Thanks!

By: Daarvin

Daarvin — Tue, 02 Jun 2009 05:57:26 +0000

Mortgage insurance allows a borrower to purchase a home with a down payment as low as 3 to 5% of the purchase price-even less for qualified borrowers-instead of the usual 20% down payment lenders normally require. Insurance premiums are paid by the borrower.

By: saidi

saidi — Fri, 24 Apr 2009 15:05:41 +0000

Whatever your budget, car insurances is something you don’t want to waste an extra dime on. But having some form of car insurances is compulsory in all states, except for New Hampshire and Wisconsin. Car insurances are required in order to license a vehicle.

By: Insurance man

Insurance man — Sun, 22 Mar 2009 14:39:23 +0000

There is obviously a lot to know about this. I think you made some good points in Features also.
Keep working ,great job!

By: marc@hypothèque québec

marc@hypothèque québec — Sun, 16 Nov 2008 22:14:52 +0000

Great information here.

“Upfront Mortgage Insurance will be increased from the current 1.5% of the loan amount to 2.25% for “high risk” or bad credit borrowers.”

Didnt know this.

By: Jennifer Hart

Jennifer Hart — Wed, 23 Jul 2008 16:47:20 +0000

Thanks for the information. Reading your blog has incuraged me to take a closer look at FHA loans. I have clients who have applied for an FHA loan and now I’m wondering if they should look at a conventional loan vs. FHA.

By: RonOrr.com

RonOrr.com — Tue, 22 Jul 2008 05:20:43 +0000

FHA mortgage are easier for those with lower credit score in this current market, that is the one good thing.

By: Brent Lane - Guest Blogger

Brent Lane - Guest Blogger — Mon, 21 Jul 2008 04:35:16 +0000

Hi John!

Unfortunately FHA Mortgage Insurance doesn’t work that way, you have both Upfront Mortgage Insurance and “Yearly” Mortgage Insurance or monthly payments!

THIS IS WHY FHA LOANS HOLD THE TITLE FOR THE MOST EXPENSIVE MORTGAGE TO GET FROM A CLOSING COSTS STANDPOINT.

By: John Cobb

John Cobb — Sat, 19 Jul 2008 19:09:15 +0000

I thought that if you have upfront mortgage insurance then you don’t have a yearly or monthly mortgage insurance…..

By: Parrot Bluetooth

Parrot Bluetooth — Tue, 15 Jul 2008 10:42:22 +0000

Yes this comes as a bad news for the low credit people indeed as this new updation will increase their monthly payments with the increasingly upfront mortgage insurance. Also there can be a slow down in the real estate market too! Your blog is very informative and this has compelled me to bookmark it: http://del.icio.us/britneyvaughan